Heavy selling this week pushed 10-year US Treasury yields to their highest level since 2002
Source: Financial Times
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DW NOTE
Treasury yields at 2002 highs while the Strait of Hormuz is closed and the Fed is tightening into a fiscal deficit running at 6% of GDP. The bond market isn't steadying — it's repricing the cost of financing a government that cannot stop spending during a supply shock it has no plan to resolve.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu