Strategist Who Foresaw 10-Year Treasuries at 5% Says Selloff Isnโt Done Yet
A market veteran who predicted benchmark US Treasury yields would hit 5% this year is back with another bearish forecast.
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A market veteran who predicted benchmark US Treasury yields would hit 5% this year is back with another bearish forecast.
An intensifying selloff in Treasuries pushed the US 10-year yield above 5% for the first time since 2023, as mounting inflation concern collided with swelling government and corporate borrowing needs.
Amundi SA, Europeโs largest asset manager, is looking for opportunities in global bond markets after the recent selloff, and is buying two-year US Treasuries to protect against the risk of economic growth slowing due to elevated oil prices.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV . (Source: Bloomberg)
Japanโs Government Pension Investment Fund could sell as much as $62 billion of US Treasuries without a formal revamp of its asset-allocation policy, according to analysts at Banco Santander SA.
Australian bonds slid, tracking an overnight slump in Treasuries after escalating Middle East tensions drove up oil prices.
Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursdayโs smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Japan likely sold a portion of its holdings of foreign securities, including US Treasuries, to finance its record currency intervention over the past month.
Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)