The U.S. Treasury market is enduring a brutal summer stretch and risks worsening in September, as many of the world’s largest companies plan to launch a massive wave of bond issuance. Yields on the 30-year Treasury bond reached their highest level since 2007 this week amid a global selloff. Henry Song, portfolio manager at Diamond Hill, emphasizes that the key concern for bond investors lies in determining where to allocate their capital most effectively.
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