UK Gilts Face Budget Test as Bond Market Calm Holds
Investors say a budget that avoids surprises could even spark a relief rally
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Investors say a budget that avoids surprises could even spark a relief rally
US Treasuries are showing tentative signs of reclaiming their traditional role as a haven โ threatening to wrong-foot investors who are heavily positioned for this yearโs bond slump to deepen.
The 10-year bond yield climbed to a more than three-year high of 7.41% on Wednesday.
Itโs one of the least understood signals in the fixed-income world, but lately, everyone on Wall Street is abuzz about what it means as it reasserts itself in the market. Bloomberg's Ye Xie explains. (Source: Bloomberg)
Look at the US-China spread.
Torsten Slok, chief economist at Apollo, joins Scarlet Fu an Tom Keene on "Bloomberg Money." They discuss economic tailwinds, inflation, the bond market, AI, and private markets. (Source: Bloomberg)