Weird things are happening in the bond market

The US presidential election is shaping up to be the mother of event risks so you’d think the safest of all havens would be holding up. But it’s not – and that’s only one of the notable anomalies springing up in financial markets.

Yields on 10-year US Treasuries have risen nearly 70 basis points since the Federal Reserve’s punchy half-point initial rate cut on September 17.

Bloomberg Opinion