Big Treasury Block Sales Drive ‘Capitulation’ Selloff in Bonds

Large sales in US Treasury futures intensified a selloff in the $31 trillion US government debt market as investors responded to resurgent inflation fears and priced in higher interest rates. The move points to broader risk-off positioning in rates markets and could keep pressure on Treasury prices and yields across the curve.

Analysis

Large sales in US Treasury futures intensified a selloff in the $31 trillion US government debt market as investors responded to resurgent inflation fears and priced in higher interest rates. The move points to broader risk-off positioning in rates markets and could keep pressure on Treasury prices and yields across the curve.