JOHANNESBURG - One of Bill Clinton’s top advisors said he would like to be reincarnated as the bond market because then one can be intimidating.
This as US bonds is ringing alarm bells.
Yields on 10 year Treasury notes jumped to a seven week high – showing confidence in the world’s biggest economy has been shaken.
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The US like all governments create bonds to borrow money - essentially agreeing to pay investors back the money they pay plus a certain interest rate.
The yields demanded are higher when the country is seen as risky.
To discuss this further eNCA spoke to the executive director of the Centre for Risk Analysis, Chris Hattingh.