The opportunity to buy 30-year Treasuries yielding 5% briefly presented itself this week for the fourth time this year. All the other attempts were quickly beaten back and that same knee-jerk unfolded this time, driving yields to as low as 4.86% today.
The UMich report though seemed to underline ongoing angst about inflation and led to a bounce to 4.90%. If it holds, that will be the second-highest weekly close since October 2023 (the Liz Truss fiasco). Beyond that you need to go to before the financial crisis.
In short, the opportunity to buy bonds at these kinds of rates is rare and the market hasn't forgotten that.
There was probably some good news on the fiscal front for bonds today as some Republicans pushed back on the huge deficit increase that's coming in Trump's budget. That said, he's right to be highlighting that they're just grandstanding and will ultimately support it.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about the dip buying in bonds seems to have run out of gas was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( The dip buying in bonds seems to have run out of gas )
Also on site :
- Trump says Pam Bondi, a loyalist who oversaw Justice Department upheaval, is out as attorney general
- French court denies extradition of ex-Tunisian President Ben Ali’s daughter
- Ford and Toyota issue major South African car recall