Market mood dims as US 30-year borrowing rates hit the highest since 2002
From the original
US 30-year yields are now up to the highest since 2002 as 30-year yields rise 5 basis points to 5.61%. There is a simple story here, the combination of inflation, too-high fiscal spending, rising energy prices and a glut of debt is making it more-costly to borrow. There is only s
Related speeches
4 itemsBig breakout: US 10-year yields up 16 basis points to the highest since 2007
US 30-year yields rise to the highest since 2007
Rates Spark: Inflation is and isn’t the issue
Lead — Recent US inflation data has proved to be muted, yet bond yields remain elevated, highlighting underlying pressures beyond inflation, as detailed in the full note [source]. Higher real yields and an increasing fiscal deficit, particularly for July, indicate a shifting market landscape that institutional traders must navigate carefully. Notably, the fiscal deficit ballooned to USD432 billion, markedly higher than the previous year, which could signal a sustained pressure on rates. As the market watches for signs of how these dynamics play into future rate decisions, focus also turns towards current consensus views amidst these developments.
More like this
5 itemsUS dollar hits three-month high as Treasury yields surge, EUR/USD cracks key support
USD/JPY slips to around 156.4 as half-year-end flows and Fed comments weigh
USD/INR remains skewed to the upside amid rising oil prices, but a US-Iran breakthrough could trigger a big selloff
AUD/USD risks bigger breakdown below 0.7000 as RBA rate hike fails to lift aussie