The 10-year US Treasury yield has risen to above 3.20%, the highest level in more than seven years. As commented by Jeroen Blockland from Robeco, “few investors anticipated that US yields would rise to these levels and this is currently causing a bit of volatility”.
AXA IM | Is the future for fixed income one of flat and negative yield curves? That is certainly the direction of travel as central bank buying, lowered growth and inflation expectations and a lower for longer interest rate outlook all contribute to reduced term premium and hoarding of safe haven assets.
MADRID | March 12, 2015 | By Fernando G. Urbaneja | The exposure of Andorran lender by the US Treasury sounds word of warning to banks concealing the proceeds of organised crime.