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.