The sell-off in government bonds has gone completely global as - TopicsExpress



          

The sell-off in government bonds has gone completely global as concerns over Federal Reserve tapering of monetary stimulus infect the market.... Everywhere this morning, bond yields are up huge as investors dump sovereign debt..... In the United States, the 10-year yield is up 6 basis points to 2.26%, its highest level in over a year..... In the eurozone, French 10-year yields are up 5 basis points to 2.23%, Germany is up 3 basis points to 1.63%, Italy is up 15 basis points to 4.43%, and Spain is up 14 basis points to 4.471%..... Portuguese 10-year yields are up 37 basis points to 6.49%, and Greek yields are up 93 basis points to 10.28%..... Elsewhere in the developed world, the Japanese 10-year yield is up 5 basis points to 0.88%, Canada is up 5 basis points to 2.25%, Australia is up 11 basis points to 3.40%, and Switzerland is up 10 basis points to 0.84%..... Moving to emerging markets, Brazilian 10-year yields are up 14 basis points to 4.03% Mexico is up 14 basis points to 3.46%, Russia is up 15 basis points to 3.90%, and Turkey is up 31 basis points to 4.53%....
Posted on: Sun, 16 Jun 2013 03:12:20 +0000

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