As investors stepped on the bond-rout gas on Monday, pushing Treasury yields to their highest levels in months, concerns among strategists ramped up.
Goldman Sachs, for one, warned clients that the speed of the move has them worried about a deeper fallout in interest-rate markets, including vulnerable economies around the globe.
Bond markets, which were closed Friday for the Veterans Day holiday, resumed a vicious selloff on Monday, marking a fifth-straight session of climbing yields beginning last week after Republican Donald Trump beat Democrat Hillary Clinton in the U.S. presidential election. The latest action pushed yields on the benchmark 10-year TMUBMUSD10Y, +1.76% 30-year TMUBMUSD30Y, -0.48% and two-year TMUBMUSD02Y, +3.98% notes to levels not seen in around a year. Prices and yields move in opposite directions. Bond prices and yields move in the opposite direction.
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