Peter Schiff: The Bond Vigilantes Are Back - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The 10-year at 5.29% isn't vigilante action — it's the market pricing $1.4 trillion deficits against a Fed that raised rates in September while the Strait of Hormuz has been closed for seven months. Bond investors aren't staging a rebellion, they're reading a balance sheet.
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