Good morning Betting on US Treasury yields, a rally in chip stocks and Google's $1 billion investment in a new UK data center. Here's what people are talking about.
Bond traders are increasingly convinced that U.S. Treasury yields are on the verge of returning to the way they have traded for most of their existence – it is the how, why and when of normalization that is keeping financial markets buoyant holds. The shift that many investors are currently betting on would see the interest rate on 10-year Treasury bonds rise above that on two-year U.S. bonds, leading to a steepening of the so-called yield curve, which would mean banks and investors for the Risk of lending money would be rewarded over longer periods of time, as is usual.
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