World's biggest bond markets steady after heavy selloff
© Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo
"A lot of people bought into the idea that because the Federal Reserve was reaching the peak of rate hikes, it was time to buy government bonds." Also weighing on prices is an increase in the supply of bonds, as governments sell more debt to fund budget deficits while offloading the vast bond holdings they built up through recent crises.
Government borrowing costs influence everything from mortgage rates for homeowners to loan rates for companies.
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