Long term interest rates are going higher. Not only in the States where a 30-year Treasury auction is waiting for buyers, but also elsewhere central banks have no control over their long term stuff.
However, this is a critical point in order to manage all the billions of money which is pumped in the financial system.
10 year GILTS went today over the 4%.
However, this is a critical point in order to manage all the billions of money which is pumped in the financial system.
10 year GILTS went today over the 4%.
Yesterday the US auctioned 10-years Treasury which also went over the 4% in order to lure investors. This offering was one of the many and aimed to raise 65 bln USD this week.
Investors have become increasingly worried that an economic revival could be stalled if this trend continues.
That’s what we call the perfect excuse.
Unfortunately we cannot use it if we slip in from the pub after midnight. The lady of the house never believes us.
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