Long term Treasury bonds, as well as corporate bonds ... it has jumped higher to repeated 12 month+ highs. The recent steepening of the yield curve has also been a major factor.
Bond king Gundlach says investors have 'left the bus' as yields spike during Fed cuts. Here's his advice. Consumer prices are in and stock futures are rallying after that monumental data.
This has pushed the premium of 30-year yields to two-year yields to its highest in nearly three years - a dynamic known as “curve steepening”. “There’s a big pipeline of bonds that needs ...