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2021-11-02

At less than 1.6%, the yield on the 10-year Treasury bond is detached from reality

  “bond vigilantes”

The U.S. economy is growing at a clip of almost 6% this year, inflation is running above 5%, and the Biden administration posted a budget deficit of more than 13% of gross domestic product. 

Bloomberg Businessweek 2 November 2021

https://www.bloomberg.com/news/articles/2021-11-02/stock-market-jerome-powell-federal-reserve-dominate-treasury-bond-trades


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