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
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