Cost of US debt brings global ups and downs
US ten-year bond yields look likely to hit an all-time low, which would be good news for developing nations but a bad sign for the Fed
Movements in the US bond markets are normally not all that noteworthy, but recently that has changed. A lot has been going on, with ramifications for asset prices and bond markets all over the world. The benchmark US ten-year bond yield has been falling rapidly and there ...