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10-year Treasury yields hovering just under the 5% mark
The rout in Treasuries continues to be the key story in markets over the last few months and we're now seeing 10-year yields on approach towards the 5% mark - last seen all the way back in 2007. It's a scary thought that this is all coming after the fact that the Fed has chosen to pause on rate hikes. And while the story seems to be driven by the waves of supply in the bond market, the technicals might argue that this is the product of a squeeze in one of the longest bubbles in financial markets...
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Posted: Oct 19 2023, 09:30
Author Name: forexlive
Views: 112140