Bond Veteran Jim Bianco Still Bullish As Yields Soar

A move higher in oil is putting even more pressure on bonds, with yields hitting new milestones in a number of markets including the UK and the US. The UK’s long-term borrowing costs hit 6% for the first time in almost three decades whilst the 10-year Treasury note climbed to the highest since 2002. It comes as government debt has been flailing around the world as uncertainty — tied to the war in the Middle East — ripples through the global economy, pushing investors to bet central banks will fu