Bond market's worst rut in 52 years shows few signs of easing
Ten-year T-bills offer paltry 62 basis points, causing analysts to abandon their 3% year-end forecast
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Seattle
THE world's most important bond market is stuck in its worst rut in more than half a century.
Ten-year US Treasury yields have been locked between 2.01 per cent and 2.63 per cent in 2017 - a measly 62 basis points. That's the tightest trading range since 1965, when William McChesney Martin ran the Federal Reserve, Lyndon B Johnson was president and Frank Herbert's sci-fi classic Dune hit shelves.
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