Bond Rout Extends Into Q4 as Dollar Rises and EUR/USD Breaks 1.13
The Calendar Changed. The Market Regime Did Not. What’s happening: Q4 opened as a continuation of Q3. Global sovereign bonds extended their selloff, the US 10-year Treasury yield rose to around 5.34%, the Dollar pushed higher after a sixth consecutive quarterly gain, and EUR/USD broke below 1.13. This came even though softer August PCE inflation












