Global Bond Markets Are Imploding: But What Are They Saying About China, Oil, and the Economy?
Global bond yields jumped on Friday as oil prices climbed. The UK 30-year gilt hit 5.82%, its highest level since 1998. The selloff hit US Treasuries, UK gilts, and Japanese government bonds. Traders are now asking what fixed income is signaling about China, oil supply, and government deficits. A Synchronized Yield Spike Across Major Economies...
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