有观点认为国债利率是被海外投资者推高的。Flows in Asia and Europe have been a significant driver of price action.
Coincidentally, a reader asked if I’d looked at this phenomenon to quantify the effect. I hadn’t (at least recently) but have done this sort of thing before. When we look at the hourly change in 10-year yields, we find that the biggest cumulative rises this year have come in European and Asian trading.
Coincidentally, a reader asked if I’d looked at this phenomenon to quantify the effect. I hadn’t (at least recently) but have done this sort of thing before. When we look at the hourly change in 10-year yields, we find that the biggest cumulative rises this year have come in European and Asian trading.