10-year Treasury yield, the most important number in global finance, above the level of 4%

 

Don’t get too excited about exactly where to draw the trend line. Just note how strong that trend was, how financial accidents invariably happened when it was threatened, and that it’s plainly now over

John Authers Bloomberg 14 August 2023 

https://www.bloomberg.com/opinion/articles/2023-08-14/bond-yields-and-inflation-what-s-in-john-authers-s-head-this-summer