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Is the bond market rout finally over?

Is the bond market rout finally over?
10-year Treasury yields took a big tumble in trading yesterday as the Treasury quarterly refunding announcement was not as bad as feared. The flood of supply was lower than anticipated and that sparked a rally in bonds, helped by a less hawkish take by Powell. The latter is just a supplementary factor in my view as it seems like there is a squeeze running now after the heavy selling in the bond market. Have we hit a peak at the 5% mark?Yields are down another 1.2 bps today to 4.722% currently, f... Read More
Posted: Nov 2 2023, 04:11
Author Name: forexlive
Views: 091965

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