Oil prices soaring and eliminating the largest source of disinflation; The bond market is revolting against the Fed
Five year trend shows geopolitical risks create a floor, but long-term supply-demand trend is weak due to manufacturing weakness pic.twitter.com/NSn9PlR8OH — Daniel Lacalle (@dlacalle_IA) October 7, 2024 “This morning, yields on the U.S. 10-year bond soared over 4%. This continues a non-stop rise in yields following the Fed’s 50 basis point rate cut on September …