Treasury market investors appear to be having second thoughts on Monday morning following a seesaw session on Friday that witnessed record lows for U.S. 10-year yields. Having reached 126-08 in the September contract (yield 2.53%) profit-taking and a siren voice offering some sage advice in the form of a 2% interest rate increase from a former IMF economist, has forged a downwards path for the contract to 125-10 this morning. Other global bond markets are little changed as some semblance of optimism returns in the form of rising stock markets around the world.
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