Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears - WKZO

Global bond selloff pushes 10-year US yield toward 5% on oil, rate-hike fears - WKZO

Source: WKZO

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DW NOTE

The 10-year is pricing what the Fed won't say: that 3.5% rates with oil at $102 and the fiscal deficit running 3% ahead of last year means real rates are still negative. The bond market is doing the tightening because the central bank refuses to.

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