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US Treasuries unlikely to remain below 3% for long

First published: Financial Times 04/06/2018

It didn’t take long for the yield on 10-year US Treasuries to drop back below 3 per cent — a level it surpassed last month for the first time since 2014. Not for the first time since the financial crisis, the US bond market confounded gathering bearish sentiment as policy rhetoric at home and unstable capital markets abroad gained prominence. With the next meeting of Federal Reserve policymakers a week away, where do bond markets go next? Read non….