Analysis-Bonds back in a tailspin as ‘higher for longer’ narrative hits
YAHOOFinance-Reuters/Yoruk Bahceli and Dhara Ranasinghe/7-7-2023
“Government bond markets from Europe to the United States and Australia are in a tailspin as the prospect of higher interest rates sparks a rout in longer-dated bonds, hurting investors seeking higher returns after a lacklustre first half.”
USAGOLD note: Two-year Treasuries and 10-year Treasuries broke through important levels on Friday, and the TLT ETF plunged to its lowest levels in over a decade.
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