Bonds
BofA’s Warning of a ‘5% World’ Sinks in With Yields Pushing Higher
- BlackRock’s Boivin sees ‘remarkable repricing’ in longest debt
- Market eyes inflation risk as economy defies recession calls
All around the world, bond traders are finally coming to the realization that the rock-bottom yields of recent history might be gone for good.
The surprisingly resilient US economy, ballooning debt and deficits, and escalating concerns that the Federal Reserve will hold interest rates high are driving yields on the longest-dated Treasuries back to the highest levels in over a decade.