Business
The bond market’s GameStop moment, in reverse – The Australian Financial Review
Investors betting on a speedy global recovery have triggered a sell off in bonds that market watchers likened to the GameStop rally in reverse.
Mr Sheahan said the yield on 10-year bonds could get to 3 per cent within a few weeks.
Anything is possible, Mr Sheahan said. The fulcrum has shifted. We have had an era of protecting capital. Now that era is being recast. As we have growth people want compensation for taking on risk.
The margin of Australian 10-year bonds over US 10-year treasuries went beyond 40 basis points which is extraordinary.
We have had a buyers strike this week
-
General23 hours agoTyler Wright soaks up Bells Beach return as poor conditions at Rip Curl Pro sees men’s opening round called off
-
General23 hours agoTruck driver charged with causing death by dangerous driving after highway crash
-
Noosa News21 hours agoGyrocopter pilot injured in crash-landing on K’Gari, north of Brisbane
-
Noosa News12 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop