Canadian CPI Triggers Panic-Puke In Bonds: 5Y Treasury Yield Highest Since 2007
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
(Bloomberg) -- Fifty cents on the dollar is a very low price in the world of bonds. In most cases, it signals that investors believe the seller of the debt is in such financial distress that it could default.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingXi’s Missing Defense Chief Opens Door for US Military TalksTrillion-Dollar Industry Powering Chicago at Risk of LeavingUS Seeks Help Findin
For traders accustomed to treating such signals as sacrosanct, the message was obvious. Gone were the days when inflation was their main menace