UST, Heading Over A Cliff

Credit markets took the jobs data report which showed that US employment surged more than expected in September very badly. Treasuries were sold off with the 10 year note spiking by as much as 16 basis points to 4.885%. Winson Phoon, Head of Fixed Income Research, Maybank Investment Bank tells us what a 5% bond market means for governments and corporates even here in Asia.

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