Chart of the week - US Treasury yields retrace
We think ‘bonds are back’. Yields are higher, and there is now compensation for bearing interest rate risk. This week’s sharp decline in treasury yields snapped weeks of relentless upward pressure driven by investor concerns over a higher-for-longer rates regime.
More from this week:
- Chinese equities resist global sell-off
- Watch out for news around profit margins with earnings season kicking off
- Growing challenges for risky credit markets
- India growth upgrades signal long-term potential