Unless a banking panic similar to 2013's euro - zone's crisis ensues, Gundlach predicts that a renewed slowdown in the economy would drive 10 -
year bond yields sharply lower.
Not exact matches
On Wednesday afternoon, the benchmark U.S. 10 -
year bond was
yielding 2.35 per cent, up 15 basis points from before the Fed statement and up
sharply from about 1.6 per cent at the beginning of May.
10 -
year yields on Austrian government
bonds — and indicator of stress on the country — are moving
sharply higher this morning.
In Europe, the
yield for the 10 -
year German
bond TMBMKDE - 10Y, +1.25 % also known as bunds, fell
sharply by 5.2 basis points to 0.527 %, according to Tradeweb data.
Bond yields around the world have increased
sharply over the past two months, reversing the declines that occurred earlier in the
year.
For more than a week, the US dollar has risen
sharply as US government
bond yields have surged — with the benchmark 10 -
Year Treasury
yield briefly...
Oil - which rallied
sharply off of Netanyahu's comments yesterday regarding Iran - pulled back to $ 67.73, while the US 10 -
year bond yield remained steady between 2.951 % - 2.963 %.
When the
yield on 10 -
year federal
bonds spiked earlier this
year — from 1.88 % on May 16 all the way to 2.55 % on July 5 — the value of broad - based
bond ETFs plummeted
sharply.
Rebalance: While stocks have rallied
sharply,
bond yields have improved somewhat (recall that
bond prices move in opposite direction to
bond yields)-- 10 -
year bonds are now
yielding 3.5 % up from around 3.0 % in March.
Even though the Bank of Canada will not follow the Fed in hiking interest rates anytime soon, mortgage rates here are tied to five -
year government
bond yields, which have increased
sharply in the past month or so since the US election, and will continue to be impacted by US
bond market movements.