🇺🇸 US Bonds Lose Safe-Haven Bid The classic rule of buying US Treasuries during war has stopped worki

🇺🇸 US Bonds Lose Safe-Haven Bid

The classic rule of buying US Treasuries during war has stopped working. The US Treasury announced a tripling of long-term bond buybacks to $6 billion, and yields rose on the news.

The 10-year Treasury yield moved above 4.85% for the first time since November 2023, up 15 basis points from before the announcement. Yields are now up 100 basis points since the ongoing war with Iran began.

The 10-year yield will exceed 5% as early as next week, bringing an unpleasant surprise for US consumers, homebuyers and borrowers.

✅@futures