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Analysis: Sea of red in Treasury market may signal bond boom is over

Reuters  |  NEW YORK 

By Kate DuguidNEW YORK (Reuters) - The 10-year U.S. Treasury note that debuted in August 2016 when the bond market was near its peak has had a rough ride, its price falling ever since and no reprieve in sight.Welcome to the new U.S. Treasury market, where 75 percent of existing government bonds are now trading below par. Despite high demand at auction, the price of the August 2016 bond began falling the day it hit the open market, roughly a month after benchmark 10-year yields reached historic lows. Now priced at 10 points below face value, it yields 2.833 percent, almost double its ...

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First Published: Mon, July 09 2018. 19:00 IST
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