IB Traders Insight - Fixed Income - A bit of a bond rout Bonds have had a tough week. The price at which the government can borrow funds for 10-years has surged by almost 20bps since touching 2.40% on Thursday and the yield curve has steepened. Bond sellers appear to be taking advantage of the highest bond prices in almost a year to position for the slew of economic data due for release for the remainder of the week. We got a reminder that low interest rates are having positive impact on auto demand earlier with May auto sales reaching an annualized pace of 16.77m units for the best performance since February 2007. (To read the full article please click bit.ly/1kAHoSB)
Posted on: Tue, 03 Jun 2014 19:28:06 +0000