There are now some major warning signs that the “soft landing” some experts assumed was coming as far as the economy is concerned may not be coming after all, and it’s causing concern among economists.
The biggest clue appears to be what’s happening with the bond market in the U.S.
Bond yields are now in the high 4 percent range, and could get into the 5 percent range before much longer. It’s creating instability in the market, and the result is that more economic pain is likely coming. According to some analysts, part of the problem appears to be that no one has been right about what’s going to happen next. Yields on the 5-year and 10-year Treasury notes, as well as the 30-year Treasury bond , hit their highest levels since 2007. The 10-year Treasury yield reached 4.8% on Tuesday . Bianco sees 4.5% as fair value.“We’re […]
Read the Whole Article From the Source: redstate.com
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