Bond Veteran Jim Bianco Still Bullish As Yields Soar
Global government debt is declining as rising oil prices and Middle East instability pressure bond markets. Yields in the UK and US have reached multi-year highs, though analyst Jim Bianco remains bullish.
A move higher in oil is putting even more pressure on bonds, with yields hitting new milestones in a number of markets including the UK and the US. The UK’s long-term borrowing costs hit 6% for the first time in almost three decades whilst the 10-year Treasury note climbed to the highest since 2002. It comes as government debt has been flailing around the world as uncertainty — tied to the war in the Middle East — ripples through the global economy, pushing investors to bet central banks will…
READ NEXT
More on the wire
AI TLDR
Apple is reportedly developing a smart home security camera that provides text-based event descriptions instead of video footage as part of a new smart home ecosystem.
AI TLDR
A rape case involving a Cornell University fraternity has gained national attention, with ongoing public interest as new and conflicting details emerge regarding the allegations.
AI TLDR
Two Republican members of the Georgia state election board have rejected a party proposal intended to fix a voting system flaw. The flaw currently allows for the identification of voters based on their cast ballots.