wolfstreet.com / by Wolf Richter • Mar 13, 2017
“Many fear the Fed is behind the curve. The market is even further behind: This is clearly a dangerous situation.”
US government debt took another beating today. As prices fell, yields rose to new multi-year highs. The 10-year Treasury yield rose 5 points to 2.625%, the highest since September 2014, when it just briefly kissed that level. At this pace, the yield will soon double from the record low of 1.36% in July last year.
This chart shows the progression of the 10-year Treasury yield since late August (chart via StockCharts.com):
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