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Bloody and Bruised Bond Market

Started by pkamm, 07/22/2003 04:32AM
Posted 07/22/2003 04:32AM Opening Post
This thing is coming off the rails. The 10-year bond yield is up over 100 basis points from a MONTH ago and it doesn't even look like it's slowing down. I don't remember the yields ever jolting this high this fast. The possibility of economic recovery, combined with the ugly prospect of the government being back in bond-selling mode for the forseeable future and the inherent bond market pressure that causes are possible reasons.

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