Bond yield normalization thread
Starting a new thread to track bond yield world wide as I expect bond yield to normalize towards the end of the year
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U.S. 10-year yields increased three basis points, or 0.03 percentage point, to 2.05 percent as of 6:13 a.m. in London, according to Bloomberg Bond Trader data. The price of the 1.625 percent security due in November 2022 dropped 1/4, or $2.50 per $1,000 face amount, to 96 9/32.
The rate on Japan’s December 2022 note climbed four basis points to 0.805 percent, the highest since Jan. 15. The extra yield investors demand to hold 10-year government bonds in the U.S. instead of Japan widened to 1.28 percentage points, the most since March.
Similar-maturity Australian yields touched 3.61 percent, the highest since May. The equivalent rate for Singapore bonds climbed to 1.55 percent, the most since September.
Ride at your own risk !!!