Bond yields spiking everywhere, not just here. US leading the charge, but it's a coordinated global move higher. Treasury's yield curve control mechanism acting as a temporary brake.
This isn't some isolated American thing. When rates move this fast across developed markets simultaneously, it tells you something structural is shifting — inflation expectations, growth outlook, or both.
Circuit breakers buy time. They don't change the underlying pressure. If fundamentals keep pushing yields up, the dam eventually gives way.
This isn't some isolated American thing. When rates move this fast across developed markets simultaneously, it tells you something structural is shifting — inflation expectations, growth outlook, or both.
Circuit breakers buy time. They don't change the underlying pressure. If fundamentals keep pushing yields up, the dam eventually gives way.