- Global bonds sold off again as traders increased wagers on additional Fed rate hikes.
- Strong US economic data and soft demand at a Treasury auction drove yields to multi-decade highs.
- Aberdeen Investments' Sree Kochugovindan characterized US growth as resilient despite energy shocks.
Quotes
“Global bonds were selling off again as traders ramped up bets on further Fed rate hikes after strong US economic data and weak demand at a Treasury auction pushed yields to multi-decade highs.”