- Wealth PMS
Folks, there's some serious bloodletting happening in the bond markets. You've seen it here earlier - we have continuously mentioned how the yield curve has steepened rapidly and how things have been getting worse every day. What you're going to read today:Government Bond yields have gone up by 0.20% or 20 basis points, in a month. That's a drop in bond prices of 2% on average. The price fall hurts banks the most - they own 64% of all outstanding government bonds.