Treasury yields surge as US interest burden grows
The 10-year yield has risen more than 25 bps in four days, while October interest costs hit a record for the month.
What we know
A market analyst notes the 10-year yield has climbed over 25 bps this week, a move bigger than in all but four other recent periods. Market commentary says interest expense reached $115.5B in October and the US now spends 28 cents of every tax dollar on interest, which is unconfirmed here. An asset manager says tighter liquidity is offsetting bullish fundamentals.
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“The 10-year yield has risen over 25 bps in four days”
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