The yield of short-term US Treasury bonds is at its highest level since March
Global bond prices have slumped after two surprise rate hikes this week, bringing to the fore the fact that central banks are not done raising interest rates to combat inflation.
Yields on short-term US Treasury bonds rose to their highest levels since March, while their Australian counterparts jumped to levels not seen in a decade.
Investors tended to dump government debt instruments after the Bank of Canada joined the Reserve Bank of Australia in another rate hike this week.
Chances are now that the US Federal Reserve will raise rates again next July.
2023-06-09 03:17:27
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