$ETH
The US bond market might just be realisin’ this isn’t strictly a Yanks-only spot of bother
Germany’s 10-year yield has shot past 3.5% for the first time since back in April 2011, Japan’s yield has crept up yet again, Australia’s put on another 12 basis points, and South Korea’s up by 8. Different central banks, different economies, yet long-term yields are all heading strictly one way: up
Which makes that 4.992% print on the US 10-year a bit tricky to write off as just a local Treasury-versus-Fed squabble
The ECB went ahead and hiked rates on Thursday, and their officials are already warning that sticky energy bills might force their hand even further
If crude oil is dragging every government bond market through a synchronized repricing, then a bigger US buyback might tweak the American yield curve, but it won’t do a spot of good for the pressure flooding in from overseas
That’s the proper head-scratcher as we roll into next week’s FOMC meeting: Is the Fed actually steering the US curve, or is the US curve simply floating along in a much larger global current?
$XRP
$XLM
#CPIWatch
The US bond market might just be realisin’ this isn’t strictly a Yanks-only spot of bother
Germany’s 10-year yield has shot past 3.5% for the first time since back in April 2011, Japan’s yield has crept up yet again, Australia’s put on another 12 basis points, and South Korea’s up by 8. Different central banks, different economies, yet long-term yields are all heading strictly one way: up
Which makes that 4.992% print on the US 10-year a bit tricky to write off as just a local Treasury-versus-Fed squabble
The ECB went ahead and hiked rates on Thursday, and their officials are already warning that sticky energy bills might force their hand even further
If crude oil is dragging every government bond market through a synchronized repricing, then a bigger US buyback might tweak the American yield curve, but it won’t do a spot of good for the pressure flooding in from overseas
That’s the proper head-scratcher as we roll into next week’s FOMC meeting: Is the Fed actually steering the US curve, or is the US curve simply floating along in a much larger global current?
$XRP
$XLM
#CPIWatch
