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Big Bond Sell-Off
Many have been predicting it to happen for ages now, and it’s finally on according to Goldman Sachs. Yields on government bonds have been increasing over the past few weeks and the sale of the century is about to begin. The bond sell-off is here, guys and girls! It’s better to make a move from long-duration bonds and avoid losses that might be heavy. 10-year bonds have increased by 10% in just the last week and now have stabilized at 2.0745% today. Everything is on the up at the moment. Japanese bonds (JGBs) have taken a hike upwards, hitting the 1% mark. The Bank of Japan had already made the promise that they ... (full story)
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