Deep Tide TechFlow messages: On September 24, according to Jin Shi Data, the U.S. Treasury market recently saw its most severe selloff in nearly 18 months. Driven by a combination of strong macroeconomic data, weak results from Treasury auctions, and the Federal Reserve’s continued release of hawkish signals, the yield on the 10-year U.S. Treasury has risen to 5.11%, the highest level since 2007.
The current bond-market selloff shows clear signs of escalation. The market is closely monitoring the subsequent release schedule of economic data and the central bank’s monetary policy moves to assess the long-term direction of the interest-rate “midpoint.” Institutions broadly focus on the direct impact of changes in auction demand on bond pricing.
The current bond-market selloff shows clear signs of escalation. The market is closely monitoring the subsequent release schedule of economic data and the central bank’s monetary policy moves to assess the long-term direction of the interest-rate “midpoint.” Institutions broadly focus on the direct impact of changes in auction demand on bond pricing.