The global bond rout continues to play out today with long-end yields surging higher once again. 30-year yields in the US are now clipping the 5% mark and that's a very important threshold to be wary about. It's not the first time this year but in previous tries, yields did not manage to firmly hold a break above 5%. This time around though, the pressure valve might be of a different build.
Outside of the US, we're also seeing long-end yields continuing to rise. 30-year yields in the UK are up another 4 bps to 5.73% while 30-year yields in France are up about 2 bps to 4.52% currently. Even earlier today, we saw 30-year yields in Japan hit an unprecedented 3.28%.
But amid everything that is going on, the key threshold above for US bonds might be one of the most important. That especially with a keen focus on US labour market data this week as well as the Fed outlook.
Here's a primer as to what this development is signaling for markets: The US yield curve continues to steepen post-Jackson Hole
This article was written by Justin Low at investinglive.com.Hence then, the article about us 30 year yields move up to hit 5 threshold again 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.
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