Why the unwinding of u. S. 'exceptionalism' might be set to continue as treasury yields climb and the dollar falls: nomura
Why the unwinding of u. S. 'exceptionalism' might be set to continue as treasury yields climb and the dollar falls: nomura"
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The selloff in the bond market is crashing the stock market's party. According to Nomura's Charlie McElligott, this could suggest that the unwinding of U.S.
"exceptionalism," which drove stocks, bonds and the dollar lower in tandem last month, might be making a comeback. Treasury yields climb as prices fall. After more than a decade of
central-bank-managed quantitative easing, foreign investors have become overexposed to U.S. debt, meaning the slow bleed in Treasurys could be poised to continue, McElligott said.
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