Looking at the finally tally of the indexes do not really reflect the underlying tensions. The 10-year yield has moved from 4.57% to 4.71% in a week as the Street tries to decide what the right level should be amidst recent economic data. Jeffrey Gundlach probably described the current Treasury mood best with the “T-Bill and chill”, after Tuesday’s 52-week auction was met with a higher bid-to-cover ratio (3.21 versus the previous 3.14). Equities have endured their own tumultuous time, first wit…
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.