ARDC - Bonds: What You See Is What You Get
Background
Global bond bubble about to pop or just another "head-fake"? Value of global bonds has dropped by a whopping $880bn this week, most since Nov2016 as US treasury yields spiked w/ the curve strongly steepening after economic data in the region continued to come very strong.
Treasury yield surge is, usually-normally, mostly about supply.
Steven Mnuchin’s Treasury debt issuance suggest he plans to borrow $770B in the second half of 2018, a more than 60% increase from the same period last year.
Treasuries selling momentum is unabated as yields extend climb. Even a slide