20-Year Treasury Yield Spikes to 5.13%. Yield Curve Gets Ready to Uninvert. Juicy Yields Tempt, but Bloodbath May Not Be Over
by Wolf Richter, Wolf Street: “Fed hikes till something breaks.” But honey, the biggest thing has already broken: price stability. The Fed is trying to fix it. The unloved 20-year Treasury yield – “unloved” because it has been higher than the 30-year yield ever since the 20-year Treasury security was introduced in May 2020 – […]
