US Treasury yield hits the Highest Since 2002 at 5.34% - The Economic Times
US Treasury yield hits the Highest Since 2002 at 5.34% - The Economic Times
Source: The Economic Times
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DW NOTE
The 10-year was at 5.26% this morning. If it hit 5.34%, that's a 31-basis-point spike inside a single session — the bond market pricing in either a Fed error or a fiscal crisis it can no longer ignore. The deficit is running at 6% of GDP with the Fed hiking into a supply shock. Something broke today.