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Jammed! Global Sovereign Yields Skyrocket Despite A Closed US Bond Market

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

The US bond market is closed today, but that didn’t stop investors from dumping sovereign debt around the globe.

Russia, Ukraine, Romania (former Soviet block countries) saw a 20 basis point jump in sovereign bond yields. Peripheral nations like Portugal, Spain and Ireland saw 10 basis point jumps.

emeaboinds

In the Pacific, Indonesia saw a 44 point rise while Australia and New Zealand saw 10 point increases.

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And both gold and silver dropped (-3% for gold and -6.5% for silver). Oil dropped 3% as well.

goldsilver

Global bond investors got jammed!

giphyjammed

 

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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