Global bond sell-off pushes 10-year Treasury yield to highest since 2002 - Financial Times

Global bond sell-off pushes 10-year Treasury yield to highest since 2002 - Financial Times

Source: Financial Times

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DW NOTE

The 10-year yield hasn't been this high in 22 years because the world is running out of buyers for US debt at the exact moment Washington is running a $1.9 trillion deficit while the Fed hikes into a supply shock. Treasury auctions aren't monetary theory — they're live tests of whether anyone still wants dollars at these terms.

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