Financial Times FT.com

View of the Day: Shifting T-bond dynamics

By Sean Maloney

Published: October 27 2009 16:07 | Last updated: October 27 2009 16:07

The 10-year US Treasury bond yield’s break through the key 3.5 per cent level to fresh two-month highs highlights a recent shift in bond market dynamics, says Sean Maloney, analyst at Nomura.

“Isolating the reasons for the change is not as simple as pointing to the rally in risk assets, or to better economic data, as improvements in these areas have been in place for some time.”

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