5% U.S. Treasury yields weigh heavily on global assets; does Australia's sovereign debt present a strategic entry window? Fixed-income giant Pimco warns that rate-hike expectations are too aggressive. - news.futunn.com
5% U.S. Treasury yields weigh heavily on global assets; does Australia's sovereign debt present a strategic entry window? Fixed-income giant Pimco warns that rate-hike expectations are too aggressive. - news.futunn.com
Source: news.futunn.com
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DW NOTE
The 10-year Treasury is at 5.18%, not because rate-hike expectations are too aggressive, but because the deficit hit $1.4 trillion through June and the Fed only just started tightening after three years of pause. Australian sovereign debt doesn't offer an entry window — it offers exposure to a commodity exporter whose largest customer is decelerating and whose transit routes run through a closed strait.