Global Bond Markets Remain Vulnerable Amid Oil Price, Fiscal Fears
Dow Jones
Yesterday
0603 GMT - Bond markets remain vulnerable as oil prices are still elevated and fiscal fears are mounting, Commerzbank's Hauke Siemssen says in a note. "Global bond markets remain vulnerable with yields across the curves testing multi-year highs," the rates strategist says. While this morning's consolidation is encouraging, a lasting turnaround seems unlikely for now as there is no easy fix to the underlying drivers, he says. The strategist expects input for the markets from U.S. PCE inflation data and guidance from the Kansas City Fed's annual Jackson Hole symposium this week, adding that the data and the symposium "should become intriguing."
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