Watch bond yields long enough, and you learn to expect surprises.
This time, however, it was one of the worst types of surprises: a terrorist-led atrocity.
The grim tragedy in Israel on Saturday blindsided bond yields, compelling global traders to reverse course and scramble into government bonds. Investors' intention, of course, was safety, so they fled to the financial world's #1 safe haven, U.S. Treasuries. That demand spilled over into government debt worldwide, pummeling yields (yields drop when bond prices rise).
The move in yields was forceful (see chart below):
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
Comments
Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.