Bond sell-off slows as markets digest central bank comments
Upbeat comments from ECB and BoE chiefs trigger brief tantrum
Major bond markets appeared to settle somewhat today (June 30), after comments from the governors of the European Central Bank (ECB) and Bank of England (BoE) triggered a sell-off earlier in the week.
Between June 26 and 29, US 10-year Treasury yields climbed 13 basis points to 2.27%, 10-year bonds rose 20bp to 0.45%, and 10-year gilts rose 24bp to 1.25%.
ECB president Mario Draghi seemed to set off the movements as he gave an upbeat speech at a conference in Sintra, Portugal, on June 27. The
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