US Treasury yields: an inflation rather than bond market crisis
1 Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable, Fitch Rating, 1 August 2023. 2 Our analysis uses Principle Component Analysis for five developed-market 10-year yields and the "neutral rate" proxies (US, UK, Germany, Canada, Australia). The first…
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