Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow
Source: EnergyNow
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DW NOTE
The 10-year yield at 4.65% — up 6% in a month — with CPI at 3.5% and PPI at 5.5% is not the bond market baring its teeth. It's the bond market pricing what the Fed refused to: that inflation never actually returned to target and fiscal policy never stopped being expansionary.
For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor
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