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In a week that delivered historic runs for Treasury yields, the markets could rarely find their footing. Friday's rally did bring some relief for a winning day, but earlier losses doomed the major indices' week.
The bond market typically plays second fiddle to stocks, but that wasn't the case this past week after yields surged across the globe. This report details the causes of the volatility and the potential fallout.
What's fueling the run in bond yields can be traced to several factors including the war, inflation and the U.S. government's staggering debt. That last factor only got worse this week as it topped $40 trillion.
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest on the hostilities and efforts to reach a deal, updates can be found here.
Lost in the noise of the past week's jump in bond yields was the release of the Fed meeting minutes from July. The vote for another rate hold may have passed, but the minutes show it did not come easily.
The new week brings a packed schedule of major topics. Yield moves will remain in focus, Fed chair Kevin Warsh speaks in Jackson Hole, Nvidia reports, and a new PCE and sentiment survey are all ahead.
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