Gold Holds Up as Markets Reprice Fed Outlook Amid Worries Over Record Long-Term Treasury Yields - BullionVault
Gold Holds Up as Markets Reprice Fed Outlook Amid Worries Over Record Long-Term Treasury Yields - BullionVault
Source: BullionVault
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DW NOTE
The 30-year Treasury yield hit 5.10% this week — the highest since 2007 — while the Fed holds short rates at 3.63%. When the longest bonds trade 147 basis points above policy rates, markets aren't repricing the Fed's outlook, they're abandoning faith in fiscal discipline entirely.