MarketWatch: “‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Nick Colas:
.... "Despite the spike higher in 10-year Treasury yields, “real interest rates remain solidly negative,” according to a DataTrek Research note emailed Monday morning.
In 2013, a “tantrum” in the bond market “pushed real rates from similar levels to positive over the course of a month,” DataTrek co-founder Nicholas Colas said in the note. “The rapid shift in market sentiment related to the first one and now several 50-basis point rate hikes this year could be what causes the 2022 version of the 2013 Tantrum"....
Read the full article here on MarketWatch!