IMF says bond markets are ‘orderly,’ but gold’s resilience says something else - Kitco
IMF says bond markets are ‘orderly,’ but gold’s resilience says something else - Kitco
Source: Kitco
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DW NOTE
The IMF says bond markets are orderly while ten-year Treasuries yield 5.24% — up 9.39% in a month — and gold just fell 21.6% from its January high despite the Strait of Hormuz being effectively closed since February. Either gold stopped pricing geopolitical risk, or the IMF's definition of "orderly" now includes yield surges that would have triggered emergency meetings in any other cycle.