Global bonds knocked as traders brace for central bank tightening

Financial Times/Adam Samson, Martin Arnold and Kate Duguid/2-4-2022

“Global government bonds underwent a fresh wave of selling on Friday as traders ratcheted up expectations that the world’s leading central banks will be forced to take more aggressive measures to tame inflation.”

USAGOLD note: The early stages of a tantrum? On Friday, the yield on the 10-year U.S. Treasury went over 1.9% for the first time since 2019.

Chart courtesy of TradingEconomics.com