The yield surged 87 basis points in Q3, the worst quarter since 1994, driven by real yields near 3% and repricing of Fed outlook. Mortgage rates near 7.60%.
US 10-year Treasury yield rises to 5.30%, highest since 2002.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
