The bond market continues to tighten the screws, and everything else is feeling it
It's a new week but once again we are starting to see bond yields push higher again. And if this keeps up, it will be increasingly more difficult for broader markets to ignore.10-year Treasury yields are touching 4.80% again, its highest levels since 2023, while 30-year yields in the US are starting to nudge back closer to 5.30%. It's a similar story elsewhere around the globe as borrowing costs in the likes of the UK, Japan, and Germany are all hovering around multi-year or multi-decade highs.
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