Business & Finance
US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
Key Points
Bonds US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance Bond investors will zero in on Kevin Warsh’s Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman’s response to persistent inflation and fiscal concerns. Long-term US bonds have come under pressure in recent weeks, with traders pushing the yield on 30-year bonds to the highest level since 2007 at one point. The Treasury Department...
Bonds
US Long Bonds Risk Deeper Selloff Without Clear Warsh Guidance
Bond investors will zero in on Kevin Warsh’s Jackson Hole speech this week, with a further selloff in long-dated Treasuries at stake as markets look for clues on the Federal Reserve chairman’s response to persistent inflation and fiscal concerns.
Long-term US bonds have come under pressure in recent weeks, with traders pushing the yield on 30-year bonds to the highest level since 2007 at one point. The Treasury Department responded by announcing plans to at least double the size of buybacks of longer-dated securities, providing only temporary relief from the selloff.