Appetite for bonds not abating in face of 'exaggerated' 5% Treasury yields

Fund managers remain optimistic

Eve Maddock-Jones
clock • 6 min read

Fund managers have not been dissuaded from the fixed income story, despite 10-year Treasury yields hitting 5% for the first time in 16 years.

Yesterday (23 October), yields hit a peak of 5.022%, according to data from MarketWatch, having trended close to the 5% watermark in recent days. It crossed the threshold at 10:38am UK time, before dipping back down just before midday, with a second shorter spike at 1:16pm. Nick Chatters, investment manager at Aegon Asset Management, explained the moves in US yields is "a split story, between the upside surprise in US retail sales, giving a boost to the soft landing narrative, and also easing tensions in the Middle East". Deep Dive: Pressure on high yield bonds is 'easing' as hikin...

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