When will shrinking demand in the economy put pressure on monetary policymakers to revert to easing? The bond market rout sent the 10-year treasury yield to almost 3%, which jumped 120 basis points since January. Rising treasury yields, particularly the 10-year treasury, is a big deal because this debt instrument is a yardstick for setting interest rates for home mortgages and car loans. So the rising 10-year treasury yields increase...
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