Posted on 18/06/04
Bond traders wondering whether bear market is over
Tuesday's soaring U.S. bond prices have left traders this week wondering whether this year's bear market in bonds is largely over. The dramatic move, which was described by some as a short-covering rally, was the biggest one-day increase since January, 2001, according to Bloomberg News. It resulted in the yield on two-year to 30-year Treasuries dropping by 17 to 20 basis points. (A basis point is 1/100th of a percentage point.)
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