reckon on

Globally bonds have been heavily sold for weeks - prompting the Bank of Japan to step in to steady the JGB market - as investors reckon on interest rates around the world staying elevated.

That is more than 80 bps below the two-year yield as investors reckon on high rates hurting growth.

Sterling also slipped on Monday, even as markets reckon on a 60% chance the Bank of England would lift rates by 50 bp next week.

Treasuries extended as investors reckon on a big spending government.

Even worries about a painful winter of deaths and lockdowns in the United States has failed to drive too much safe-haven demand for dollars, as investors reckon on more government support - either in the form monetary easing or fiscal spending.