Meaning of “bellwether bond” in the English Dictionary

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"bellwether bond" in Business English

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bellwether bondnoun [ C ]

uk us also bellwether FINANCE

a government bond whose changes in interest rate are believed to show the future direction of the rest of the bond market:

The yield on the bellwether bond dropped early Wednesday to its lowest level in nearly seven months.

(Definition of “bellwether bond” from the Cambridge Business English Dictionary © Cambridge University Press)