Asia Centric: Navigating US Treasury Selloff, Yen Intervention
Global fixed income markets are facing fresh turbulence as 30-year US Treasury yields spike to 5.2% – their highest level since before the global financial crisis – amid policy uncertainty...
By Clara Chen · Bloomberg
Global fixed income markets are facing fresh turbulence as 30-year US Treasury yields spike to 5.2% – their highest level since before the global financial crisis – amid policy uncertainty under Federal Reserve Chairman Kevin Warsh. At the same time, currency markets are on high alert following coordinated intervention by US and Japanese authorities to support the yen after it breached 162. With rate volatility climbing while corporate fundamentals remain largely intact, how can credit investors