Business
We may have just seen the end of a 40-year bull market for bonds – Sydney Morning Herald
For investors, and central bankers, there’s an important question posed by the turbulence in financial markets last week – was that a mini “tantrum” or a preview…
The $US62 billion sale attracted the weakest demand the auction has ever attracted and the notes were priced well above market expectations.
The markets response has been described as a mini flash crash, provoked by the demonstrated lack of demand for US government securities.
Investors and analysts are trying to get their minds around the implications of historically unprecedented low interest rates and central bank interventions in markets even as the equally-unprecedented levels of government…
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