Bond markets take a drubbing again, 10-year Treasury yields highest since 2002 - Kitco
Bond markets take a drubbing again, 10-year Treasury yields highest since 2002 - Kitco
Source: Kitco
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DW NOTE
The 10-year yield hasn't been this high in 24 years, and the Fed just raised rates to 3.75%-4.00% three weeks ago while sitting on a $1.4 trillion deficit. Bond markets are pricing in what central banks won't say: someone has to finance the deficit, and it won't be at rates anyone in Washington remembers.