More documentation of the failure of the Federal Reserve.
“Everybody’s been calling for a recession that just simply refuses to arrive. And then you’ve got the march higher in oil prices, which of course is complicating the picture in terms of the outlook for policy rates,” said Rabobank head of rates strategy Richard McGuire.
“All of that, I think is conspiring to see investors very wary of locking up their money in longer dated government bonds. They’re demanding compensation for that
“Everybody’s been calling for a recession that just simply refuses to arrive. And then you’ve got the march higher in oil prices, which of course is complicating the picture in terms of the outlook for policy rates,” said Rabobank head of rates strategy Richard McGuire.
“All of that, I think is conspiring to see investors very wary of locking up their money in longer dated government bonds. They’re demanding compensation for that
World's biggest bond markets hit by relentless selling
An unrelenting selloff in world government bonds drove U.S. 30-year Treasury yields to 5% for the first time since 2007.
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