Business
US Treasury yields surge, sounding alarm for risk assets – The Australian Financial Review
Traders pulled forward bets on when the Federal Reserve will start lifting policy rates, and yields took off with startling speed.
Yields globally are now reaching levels last seen before the coronavirus spread worldwide. Central banks have attempted to soothe markets, with European Central Bank chief economist Philip Lane saying the institution can buy bonds flexibly and Fed chairman Jerome Powell calling the recent run-up in yields a statement of confidence in the economic outlook.
While higher real rates signal growth is gaining traction, investors are becoming uneasy over the sustainability of the recovery, and whether…
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