Author: Nathan J. Rowader
July 10, 2017
Category: Quantitative Insights
The 10-year treasury yield ended the week at 2.39%, in what has been a dramatic period for global bonds. The yield is approaching the May 2017 high of 2.42%. If it is able to push past that high then we think the market may be pivoting back toward a reflation theme. However, much of the action seen in global bonds could have more to do with policy makers asserting that tightening may be coming from the European Central Bank, The Bank of Canada and the Bank of England. Ultimately, the move-up in rates may simply be a reaction to an already expected higher rate environment.