10-year Treasury yield reaches multi-year high as US dollar strengthens - equiti.com
10-year Treasury yield reaches multi-year high as US dollar strengthens - equiti.com
Source: equiti.com
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DW NOTE
The 10-year is at 4.96% because the Fed is still at 3.75%, inflation is running above target, and the fiscal deficit is 3% higher than last year. The dollar strengthens not because the U.S. is stable, but because everywhere else is worse—oil at $106, the Hormuz still closed, and Europe pricing in energy rationing. Flight to safety when there is no safety looks like this.