Treasury Futures Block Sales Deepen $31 Trillion Bond Selloff as $15 Billion Hits 10-Year Notes
Updated
Updated · Bloomberg · May 19
Treasury Futures Block Sales Deepen $31 Trillion Bond Selloff as $15 Billion Hits 10-Year Notes
1 articles · Updated · Bloomberg · May 19
$15 billion of Treasury futures block sales tied to the current 10-year note hit during a frantic hour of US morning trading, intensifying the latest bond-market slide.
Resurgent inflation fears drove investors to price in higher interest rates, turning the futures selling into a broader capitulation across the $31 trillion US government debt market.
Long-end Treasury yields climbed to their highest since 2007 on Tuesday, with heavy pressure also hitting 5-year and 10-year note futures.
The move underscores how inflation expectations and concentrated futures flows can amplify swings in the world’s benchmark sovereign debt market.
As experts predict even higher yields, is the historic 40-year bull market in US bonds officially over?
With US debt and inflation soaring, can the Fed avert a crisis without crushing the economy?
Are escalating global conflicts permanently ending the era of 'safe-haven' government bonds?