Global fixed income markets are in turmoil, and U.S. debt sell-off hits new highs😳
The quiet late summer seems to be a luxury.
U.S. Treasuries have been sold off for 6 consecutive days, with the 30-year yield rising to nearly 4.40%, breaking through the panic high in 2022. The last time it was close to this level was in 2010/2011, this chaos began with the weakest ever The 20-year Japanese government bond auction had a tail of 7 basis points, causing the overall yield curve to rise by 7-10 basis points, triggering a sell-off in the global fixed income market early on.
