Nearly everyone has been caught off guard by what’s happening in the US treasury market. Since the start of September, the 10-year yield is up some ~80 basis points, from ~4.15% to ~4.95%, and this is happening as the US is widely expected be near peak interest rates.
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October 2023: Treasury Meltdown?
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Nearly everyone has been caught off guard by what’s happening in the US treasury market. Since the start of September, the 10-year yield is up some ~80 basis points, from ~4.15% to ~4.95%, and this is happening as the US is widely expected be near peak interest rates.