BofA’s warning of a '5% world’ sinking in

Upward push: Concerns that the Fed will hold interest rates high are driving yields on the longest-dated Treasuries back to the highest levels in over a decade. — Bloomberg

ALL around the world, bond traders are finally coming to the sobering realisation that the rock-bottom yields of recent history might be gone for good.

The surprisingly resilient US economy, ballooning debt and deficits, and escalating concerns that the Federal Reserve (Fed) will hold interest rates high are driving yields on the longest-dated Treasuries back to the highest levels in over a decade.