Great Bond Shakeout Locks In a 5% World ‘Until Something Breaks’
As yields on US Treasuries soar past one high after the next, a reality is sinking in deeper across Wall Street and Washington: More than merely a bond-market slump, this might just be a fundamental shift. Myriad forces have combined to push the government’s borrowing costs higher — from $100-a-barrel oil and the AI spending boom, to yawning US budget deficits adding to a record $40 trillion debt…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
