A defensive line?
The 10-year treasury bond is yielding levels since a top in 2007.
Technically speaking, this is the next area where the bond market might be “defended” from rising further.
Although with talk of very weak bids, embedded inflation, BOJ, WW3 at play…. Lots of pressures going against the former gold standard of debt.
A historic surge in global bond yields is becoming a bigger problem for European stocks as investors confront the possibility of stubborn inflation and mounting government debt.
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