MORNING BID-Two-year U.S. bond yield dam bursts ...Middle East

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MORNING BID-Two-year U.S. bond yield dam bursts
source : Devdiscourse ( Middle East ) () 31
A look at the day ahead in Asian markets from Jamie McGeever Another dam has burst, with the two-year U.S. Treasury yield's rise to a 15-year high just shy of 3.50% flooding global markets with extra uncertainty and fear. Wall Street managed to claw back some of its earlier losses on Monday but still closed in the red, a noteworthy development given the extent of Friday's selloff. The failure to bounce back at all is a reflection of how jittery investors are right now.

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