The 10-Year Reached 5%. The Barrel Cornered the Fed.
Oil remained above $105, a weak Treasury auction exposed fragile demand for US debt, and stocks fell ahead of the Federal Reserve. Wall Street’s inflation problem is no longer coming from one direction. What Today’s Tape Is Saying The bond market finally reached the line Wall Street had spent weeks watching. The 10-year Treasury yield
The 10-Year Reached 5%. The Barrel Cornered the Fed. Read More »