Global Yields Are Rising
Yields are at the highest level since 2002 and it is not just the US.
PRE-OPEN MARKET COMMENTS THURSDAY - Interest rates are at 20-year highs in the US, but they have been rising around the world. Structural debt issues could be coming home to roost as governments have to print more and more money. When there is a huge supply of debt coming to market, the price of bonds declines (investors demand a higher rate of return).
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