Money
Bonds bounce and the ASX 200 eyes new highs
Long bond rally boosts US dollar and global risk appetite, propelling ASX 200 futures toward record highs amid softer rate expectations.
Long bond rally boosts US dollar and global risk appetite, propelling ASX 200 futures toward record highs amid softer rate expectations.
A powerful rally in long bonds has triggered a sharp bounce in the US dollar and unleashed a wave of risk appetite across global markets.
The move began with aggressive buying in longer-dated Treasuries, pushing yields down and igniting flows into equities, commodities, and high-beta plays.
The ASX 200 futures are now on track for record highs, as investors chase momentum off the back of softer rate expectations and yield compression.