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Bond market carnage not over yet – The Australian Financial Review
The bond market appears set to sustain more damage, notwithstanding Monday’s rally, although future selling won’t be as wild as February’s surge in long-dated yields…
And 10-year US Treasury yields could rise further, the fund manager said. When you look at yields and compare them to various growth proxies, including the ISM, there are a few indicators indicating higher 10-year yields than what we have at the moment, he warned.
So it wouldnt surprise me if, after a period of consolidation, Treasuries continue to move higher in, perhaps, a more orderly way.
The February ISM manufacturing survey is due out later on Monday and the key US February labour force report…
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