Bond Yields Look in Overshoot Territory but Risk Rising Further

Dow Jones
Yesterday

0942 GMT - The bond market is in capitulation mode, which is taking yields into overshoot territory, RBC BlueBay Asset Management's Mark Dowding says in a note. BlueBay finds current levels attractive but stays cautious, the fixed income CIO says. "For now hold back from adding more duration as technicals are poor and the moves could extend further depending on how inflation data and the Federal Reserve meeting next week pans out."

 

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