Loading ...Bond Bloodbath Continues: Soaring Inflation Expectations Spark Curve Carnage As Yuan Plunges
“I’ve never seen anything like it,” exclaimed one veteran bond trader shocked at the ongoing carnage across the global bond market. 10Y Treasury yields just topped 2.10% for the first time since Jan as inflation expetctaions explode higher post-Trump. Italian bonds are getting crushed, Bunds, Gilts, and JGBs all seeing yields spike as developed market bond yields hit 6-month highs and the US yield is at its steepest since 2015.