'The bond vigilante is coming back,' UBS strategist says
Publishing timestamp: 2023-10-23 13:51:51
Summary
The yield on the benchmark 10-year U.S. Treasury note has risen above 5% for the first time since 2007. This is due to investors selling amid the prospect of higher interest rates and a growing fiscal deficit. The U.S. government ended its fiscal year with a budget deficit of almost $1.7 trillion, adding to the country's huge national debt. Bond vigilantes are returning and bond investors are being vigilant about fiscal policy. The article also mentions the potential for interest rates to stay higher for longer and the impact on the economy.
Sentiment: MIXED
Tickers: US10Y,
Keywords: breaking news: investing, u.s. economy, breaking news: markets, economy, breaking news: economy, u.s. 10 year treasury, business news, investment strategy, markets, bonds,
Source: https://www.cnbc.com/2023/10/23/the-bond-vigilante-is-coming-back-ubs-strategist-says.html