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Open original source ↗A reminder (below) of where the US Treasury curve is:
With the exception of the 2-year, every maturity on this Bloomberg screen is now above 5%.
This poses a tricky question for a range of investors:
Step in to lock in the highest nominal and real yields in years,
or
stay on the sidelines as the market contends with both a structural supply/demand imbalance among longer-term participants and unsettling volatility as "fast money" increasingly fills the void?
#economy #bonds #markets #yields a