Comment & Analysis
Fixed income: From behind the scenes to center stage
The swift sell-off in US rates markets last week caught investors off-guard. The 10-year and 30-year yields moved 23–30 basis points higher to 4.2% and 4.34%, respectively, both a stone’s throw away from their 4.34% and 4.39% cycle highs. However, the real surprise came in the shape of the yield…
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