The Undollar Digest

Global bond rout deepens on US fiscal worries

Ambrose Evans-Pritchard. www.telegraph.co.uk, 12/08/2010
Agreement in Washington on a fresh fiscal package has set off dramatic rise in yields of US Treasuries and bonds across the world, threatening to short-circuit any benefits of stimulus. The bond rout raises concerns that the US authorities may be losing control over events.
The yield on 10-year Treasuries – the benchmark [...]


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