Out Of The Frying Pan, Into The Fire

Out Of The Frying Pan, Into The Fire

A fresh bout of bond turmoil rippled across markets Friday, as Treasurys sold off on no obvious catalyst. Initially, traders pointed to a technical breach as the possible cause. Apparently, a block sale into a thin market triggered a break of Thursday's lows in 10-year notes, which "prompted heavy-selling flows," Bloomberg recounted, adding that weakness in Aussie bonds into the close likely contributed, as did put option hedging. Although the market was able to digest supply this week with re
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