Bonds back from the brink
Friday 23rd May 2025
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US bond yields rose higher still this session, before retracing their steps. Interestingly they started falling after the House passed the Big Beautiful Tax Bill, even though that is expected to add significantly to the US government deficit, which is seen as one of the reasons for the rise in bond yields in the first place. Does this mean US bond yields could continue their upward trajectory? NAB’s a Ken Crompton says it’s not unusual to see a reassessment after the sharp…
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