Brent trades above $107 a barrel as 10-year Treasury yield hits 5.2%
Source: Financial Times
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DW NOTE
The Fed hiked into a supply shock, and now bondholders are discovering that 5.2% on a ten-year note is not compensation — it's an invitation to lose purchasing power in real time. Brent at $107 with the Strait still closed means the inflation prints that justified September's rate rise are about to look quaint.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
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