Increased volatility in the government bond market is raising concerns on Wall Street that this year’s sharp volatility in the world’s safest assets could further destabilize financial markets. which is already full of rocks.
The worst bond routing in a generation sent 10-year US Treasury yields above 4% for the first time in more than a decade on Wednesday, before emergency moves by the Bank of England prompted a rally that lasted a year. biggest day in over 13 years. Yields, a benchmark for borrowing costs for everything from mortgages to corporate loans, fell a quarter of a percentage point in a single day.
