Bond market's worst rut in 52 years shows few signs of easing

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.