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A slump in government bonds around the world has pushed up the cost of some nations’ debt to levels not seen in more than a decade. That’s bad news for governments in the red but also for the ...
S&P 500 futures were last 0.5% higher while Dow and Nasdaq futures were up 0.6%. Benchmark 10-year Treasury yields were down more than 5 basis points to 4.355% and the dollar was also lower on the ...
The 1994 bond market crisis, or Great Bond Massacre, was a sudden drop in bond market prices across the developed world. [ 1 ] [ 2 ] It began in Japan and the United States (US), and spread through the rest of the world. [ 3 ]
The bonds had lost significant value as market interest rates rose after the bank had shifted its portfolio to longer-maturity bonds. The bank's clientele was primarily technology companies and wealthy individuals holding large deposits, but balances exceeding $250,000 were not insured by the Federal Deposit Insurance Corporation (FDIC).
Sovereign debt ("Liberty Bonds") was again used to finance its World War I efforts and issued in 1917 shortly after the U.S. declared war on Germany. Each maturity of bond (one-year, two-year, five-year and so on) was thought of as a separate market until the mid-1970s when traders at Salomon Brothers began drawing a curve through their yields.
In March, when gilt yields were much lower than now, the UK’s public spending watchdog said it expected the annual interest paid on the government’s pile of debt to peak at £115 billion ($140 ...
As new bonds were issued at higher rates, the value of old ones fell, since they gave holders smaller interest payments and thus lower returns on their investment. That triggered a steep selloff ...
The bond giant also favors lending to higher-quality companies in public and private markets. The Pimco note coincided with a steep climb in the benchmark 10-year Treasury yield this past week.