Global Bonds Are at the Mercy of Treasuries in Echo of 2020 Rout
10/04/2023 11:10
Global bonds are getting hammered as Treasuries bulldoze their way through the world market to the greatest extent since the pandemic hit in 2020.
Global bonds are getting hammered as Treasuries bulldoze their way through the world market to the greatest extent since the pandemic hit in 2020.
Traders are bracing for 10-year Treasury yields to top 5% or the first time since 2007 after they jumped to 4.85% this week. The correlation between Bloomberg’s gauge of global securities and an index of US Treasuries has reached the highest since March 2020.
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Global Bonds Are at the Mercy of Treasuries in Echo of 2020 Rout