Investments Tips & Tricks

Bonds’ Selloff Continues as Safety Loses Some Appeal

Bonds’ Selloff

Selloff slows. After a bear of a credit selloff last week, and a brief pause on Friday, bond markets fell a bit further on Monday. Traders no longer felt the need to crowd into the relative safety of the Treasury market, so prices fell across the curve. The benchmark 10-year yield rose one basis point, or hundredth of a percentage point, to 3.08%. Trade is also back in focus this morning, which has led New Zealand and Australia’s dollars to fall 0.7% and 0.5% against the U.S. dollar, respectively. Here’s what else is happening in credit markets:

ALSO SEE : General Electric Debt Fears Are Overblown, Says Analyst

 

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