Bond yields move higher on chipper market mood

Bond yields rose on Monday, as broader market risk appetite reduced demand for the perceived safety of sovereign debt.

What’s happening The 10-year to 2-year spread of minus 19.5 basis points means the yield remains at its most inverted in 20 years, signaling a looming economic downturn. But that is down sharply from the more than 90% probability registered last week, which came in the wake of a report showing U.S inflation running at 9.1% in June, a 41 year high.

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Source: MarketWatch - 🏆 3. / 97 Read more »