Economics
Goldman Has Three Reasons Why the Bond Rout Is Going to Get Worse
Stretched bond valuations, waning impact from quantitative easing, and rising importance of fiscal policy. Oh my.
Monetary Policy Feeding the U.S. Corporate Bond Rush
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Yields on 10-year U.S. Treasuries have been doing their best impression of a soaring eagle in recent days, following examples set by Japanese and German government debt.
The rout in global bonds, which has seen yields on the U.S. 10-year rise 15 basis points in two days as investors backed away from buying the debt, has coincided with a sell-off in other assets and prompted a flurry of comparisons to the 2013 "taper tantrum" that erupted as investors fretted over potentially rising U.S. interest rates.