Barings expects 10-year Treasuries yield to rise to levels not seen since 2014
Tokyo
THE global bond meltdown after Donald Trump's victory in the US presidential election is just beginning, said Barings, which estimated that the yield on 10-year Treasuries will probably rise to levels unseen since early 2014.
"Bonds have been in a bubble, and the bubble has burst," Khiem Do, Hong Kong-based head of Asian multi-asset at Baring Asset Management, said in a Bloomberg Television interview on Monday. "At some stage over the next 12 months, 10-year Treasuries will trade at 3 per cent," he said, referring to the yield.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Central banks need digital currencies to stay relevant
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA
ECB rate cut case getting stronger, says chief economist Lane
RBNZ has limited scope to cut cash rate this year: OECD