The “higher for longer” narrative has been dominating this summer, with US yields close to cycle highs and bond vigilantes punishing the long bond market for the Treasury’s sins of overspending and overborrowing.
The best days are behind for the US consumer
The “higher for longer” narrative has been dominating this summer, with US yields close to cycle highs and bond vigilantes punishing the long bond market for the Treasury’s sins of overspending and overborrowing.