An unprecedented scene in the U.S. bond market

Powell’s dovish remarks failed to save the bond market, and U.S. bond yields continued to soar intraday. Powell’s “stand-by” attitude also made everyone stare at whether the U.S. debt will set a record today. During Powell’s speech, the 10-year U.S. Treasury yield rose by more than 8 basis points in the short-term, breaking the daily […]

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