Published • loading... • Updated
Bond Market Flashes a Warning Not Seen Since 2007
- A worsening global bond sell-off is pushing average yields to nearly 4%, levels unseen since 2007. Bloomberg's Global Aggregate Treasuries index rose eight basis points to 3.99% on Wednesday.
- Mounting fiscal concerns and strong economic data drove a $70 billion five-year Treasury auction on Wednesday to its highest yield since 2006. The auction ranked second-worst since 2018, reflecting Washington's rising cost of servicing $40 trillion in debt.
- Five-Year yields topped 5% on Wednesday for the first time since 2007, as traders ramped up bets on further Federal Reserve tightening. Swaps now fully reflect three quarter-point hikes over the next year, with significant hedging for a fourth.
- Yield pressure spread to Asia on Thursday, as Australian three-year yields jumped 13 basis points to 5.07%, the highest since May 2011. Japan's 10-year yield hit its highest level since 1996 following a three-day market break.
- Strategists at JPMorgan Chase and KKR see scope for yields to climb further as energy-driven inflation and heavy government borrowing persist. Padhraic Garvey, ING Groep's regional head of research for Americas, wrote the move is "likely far from over.
Insights by Ground AI
28 Articles
28 Articles
24/7 Wall St.Reposted by 
BizToc
BizTocBond Market Flashes a Warning Not Seen Since 2007
Treasury yields just hit levels the bond market has not seen since before the financial crisis, and the pain is spreading fast into corners of the market most investors assumed were safe.
·Lakewood, United States
Read Full Article
The "sell-off" in the Eurozone is slowing down, but yields remain near the highest levels in recent years - Pressure on France and Italy - The factors that drove the US 10-year bond to levels not seen since 2007
·Marousi, Greece
Read Full Article
Coverage Details
Total News Sources28
Leaning Left0Leaning Right7Center2Last UpdatedBias Distribution78% Right
Bias Distribution
- 78% of the sources lean Right
78% Right
C 22%
R 78%
Factuality
To view factuality data please Upgrade to Premium
