Bonds yields keep spiking. Are the trillions that were printed in 2008/9 and 2019/20 coming back to bit us:
WTI and Brent crude oil prices surged mid-week amid fresh strikes on Iran, but that wasn’t the only ominous development across asset classes. Treasury yields jumped, with the benchmark 10-year rate climbing toward 4.60% and the long bond yielding nearly 5.10%. Both of those rates are not far from cycle highs, once again prompting investors to rethink their allocations with a nod to geopolitics.
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Banking now - if we win we keep the profits, if we lose the taxpayer picks up the bill!