Falling oil. Weak $. Soaring gold. Falling futures. And the US 10yr yield is back up to 4.4%. I’m delighted with gold. But this is not a pretty picture.
US bond yields are marching higher again https://t.co/gcRsEc7KHG
The yield on the 10-year US Treasury is back above 4.40% this morning, up 8 basis points — this as the dollar weakens, defying again historical correlations. #economy #markets https://t.co/iL22WPNePy
US Treasury yields have risen notably, with the 30-year yield reaching a high of 4.989%, up 10 basis points for the day, and the 10-year note yield climbing above 4.40%, increasing by 8 basis points. This rise in bond yields coincides with a weakening US dollar, which is an unusual market behavior as bond yields and the dollar typically move in opposite directions. Additionally, equity futures have declined sharply amid these movements. Other market indicators include falling oil prices and soaring gold prices, reflecting a complex and unsettled cross-market environment following recent market volatility.
