2024-09-03 20:00:00 +0300
Surge in Real Rates Hits Every Asset on Wall Street and Beyond
A big pandemic-era distortion in the world of finance is well and truly over -- and the new normal is helping fuel the worst cross-asset selloff in decades.
After being trapped in negative territory during the lockdown days, inflation-adjusted Treasury yields are again breaking out, with five- and 10-year measures back near multiyear highs.
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