Inflation Angst Drives US Long-Dated Bond to 2007 High

Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concern over accelerating inflation fueled a selloff in global debt markets. The move represents a new high-water mark after a recent bond selloff pushed government yields around the globe to multiyear highs. Joe LaVorgna, Chief Economist at SMBC Nikko Securities, discusses the impact of high
Source
Bloomberg Markets
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