SSA yields climb amid reflation talk

By Lewis McLellan
18 Feb 2021

Government yields have risen rapidly this week, led by the US Treasury curve, as investors bet big on stimulus from that country. With little activity in the primary markets, bankers have been speculating on the possible effects of higher yields on issuers’ strategies.

Bond yields climbed up another leg on Thursday. Many countries are approaching their highest levels since the disruption in markets early last year. French 10 year paper was paying around minus 8bp on Thursday afternoon — its highest yield since June last year.

“Govvie yields have been climbing ...

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