Geopolitics

Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow.com

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DW NOTE

The 10-year yield hit 5.24% in late September and the Fed responded by raising rates into a supply shock — hardly a blink. Bond vigilantes can force a U-turn on spending or they can force a U-turn on inflation targeting, but Trump chose the latter. He's financing a war with higher rates while oil supply falls 6% and the Strait stays shut.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow.com

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