The yield on the US 10-year Treasury bond has reached 5%. The real problem, however, is that the bond market is currently under attack from several sides, and the previously thought-out extreme scenario of the US 10-year bond yield rising to 6% is not unthinkable. We show how it could happen.
US stocks came under renewed pressure after the Fed's decision to raise interest rates, while the central bank chairman's statements on persistent inflation reinforced cautious sentiment.