10-Year Treasury Yield Breaks Out, Testing Bessent, Hitting Stocks
Source: Investor's Business Daily
―
DW NOTE
The 10-year is testing Bessent because the U.S. borrowed $1.4 trillion through June while the Strait of Hormuz closed and oil dropped 26%. Treasury yields don't break out when everything is fine — they break out when buyers doubt you can service the debt without inflating it away.
EM debt fares well amid US Treasury selloff - EnterpriseAM
Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u
Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO
Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX