Investors bet US recovery will force long-term bond yields up – Financial Times
Investors are betting increasingly heavily that long-term U.S. government bond prices are on the verge of falling, predicting that a Democratic victory in the U.S. election next month and progress against Covid-19 could harm safe-haven assets. According to John Normand, strategist at JPMorgan Chase, the so-called “steeper” bets, which benefit if long-term returns rise faster […]
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