Commerzbank: The bond market may temporarily stabilize, but the risk of a sell-off remains

Golden Ten Data reported on May 20 that Hauke Siemssen, interest rate strategist at Commerzbank, said in a report that the bond market may stabilize on Wednesday before macro data provides a reality check for the market on Thursday. He pointed out: "With global bond markets being sold off and yields across all maturities hitting highs, it seems there's nowhere to hide." He added: "The ultra-long end has been hit particularly hard, with the 30-year US Treasury yield reaching its highest level since 2007, while the 30-year Japanese government bond yield remains above the record high of 4%." According to Tradeweb data, the 30-year US Treasury yield is currently roughly unchanged at 5.182%.