Selling the benefits of long-dated bonds



The treasury announced at the beginning of May that it will consider the reintroduction of the 30-year nominal bond. The announcement sent shockwaves through the US bond market. Immediately after the Treasury notification in their quarterly refunding statement on May 4, there was a large sell-off in off-the-run bonds, as investors repositioned their flattening trades.

William Prophet, head of government bond strategy at UBS in Stanford, Connecticut says, “People were long those bonds and were

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: