IMF Says Bond Markets Functioning Orderly
The International Monetary Fund stated that global bond markets remain orderly despite rising yields and surging borrowing costs. IMF officials also noted that ongoing energy price pressures continue to challenge the global economy.
Global bond markets are continuing to function in an orderly manner despite surging yields, according to the IMF during an autumn midday press briefing. The 10-year US Treasury yield climbed to 5.34% on Thursday morning, reaching its highest level since 2002. Selling pressure has pulsed across sovereign debt markets from France and the United Kingdom to Japan following the fastest quarterly rise in borrowing costs this century.
