The name's bond
The 30-year U.S. Treasury bond yield remains above 5% even after President Trump says he called off planned strikes on Iran, with a Bank of America survey showing most fund managers expect it to climb toward 6%. NextEra's $67 billion bid for Dominion would create the third-largest U.S. energy company. And UK gilt yields edge lower after Labour leadership contender Andy Burnham signals he would stick with the government's existing fiscal rules.
Today’s recommended read: Warsh's arrival leaves long bonds without a safety net, Mike Dolan
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The skinny
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