Risk of sharp yield swings hangs over US bond market
Wall Street dealers are split over whether debt sales will set another record high or remain at current levels
01 November 2020 - 20:37
The world’s biggest bond market is about to enter a make-or-break week that goes well beyond the contentious battle for the White House.
The November 3 elections loom large, with no guarantee that investors will know the winner that night, or which party will control Congress. But traders have much more to worry about, starting the very next morning. That’s when the Treasury unveils its quarterly issuance plans, and there’s a risk of sharp yield swings given Wall Street dealers are split over whether debt sales will set another record high or remain at current levels...
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