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The Fallout From Higher U.S. Yields: A Global Guide for Traders
It’s no secret that rising U.S. borrowing costs have the potential to roil global financial markets. But as worries grow that yields on Treasuries -- the world’s lending benchmark -- will once again start to grind higher, analysts across Wall Street are trying to figure out how painful and wide-ranging the knock-on effects might be. While risk assets have regained some of their footing since the selloff in February, market luminaries like Jeffrey Gundlach suggest cracks are likely to re-emerge as 10-year yields push toward 3 percent and beyond. “There may be no place to hide anymore,” said Scott Peng, chief ... (full story)