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Global bond rout starting to sound market alarm bells
Source: Reuters
Global bond rout starting to sound market alarm bells
The 10-year Treasury yield has risen 36 basis points (bps) to 4.35% this week alone as prices fall sharply. If sustained, that would mark the biggest weekly jump since 2013.
The rout in the roughly $29 trillion Treasury market dragged borrowing costs across the globe higher, raising pressure on central banks and policymakers to act fast to shelter economies now facing a sharp slowdown as U.S. tariffs kick in.
"This is beyond fundamentals right now. This is about liquidity," said Jack Chambers, senior rates strategist at ANZ in Sydney.
Read more: https://finance.yahoo.com/news/bond-rout-starting-sound-market-042240998.html
We're cooked.