Global Bonds Head for Worst Month in Years as 10-Year Treasury Yield Tops 5.2% - finance.biggo.com
Global Bonds Head for Worst Month in Years as 10-Year Treasury Yield Tops 5.2% - finance.biggo.com
Source: finance.biggo.com
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DW NOTE
The 10-year Treasury at 5.24% is up 26% year-over-year — not because growth is strong, but because the Federal Reserve hiked into a supply shock it cannot fix. With the Strait of Hormuz closed for seven months and oil inventories falling 3 million barrels per day, bond investors are pricing stagflation, not recovery.