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A key measure of US long-term borrowing costs hit its highest level since the early days of the coronavirus crisis on Tuesday in the penultimate trading session of a brutal quarter for global government bonds. The 10-year Treasury yield rose as much as 0.06 percentage points from Monday’s closing level to touch 1.77 per cent, the highest point since January 2020, according to Bloomberg data, before rebounding to trade at 1.72 per cent. The fresh bout of volatility came as investors weighed optimism over the US’s vaccine rollout and another plan to boost fiscal stimulus. US bond markets have led a global retreat in government debt since January as investors fret that the Federal Reserve will allow the economy to run hot, with huge amounts of government spending combining with monetary stimulus to pump up inflation. Comments are closed.
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PurposeMajor markets news headlines which captured the markets. Archives
March 2021
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