900 Billion Us Debt May Be Sold Off, Will The Us Financial Nuke Go Off?
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- Publish Date:
- November 7, 2022
- Category:
- Pearl Harbor
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- Standard License
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900 Billion Us Debt May Be Sold Off, Will The Us Financial Nuke Go Off?
On 5 November, US bonds continued to sell off, with US bond yields jumping. The hawkish stance of Fed Chairman Powell continued to weigh on bond markets, with two-year US bond yields climbing towards 5% to a fifteen-year high, and the 10-year US bond yield, the anchor of global asset prices, surging 7 basis points to 4.15%. purchases.
Earlier, the Federal Reserve's November interest rate meeting had raised the benchmark federal rate by 75 basis points to 4.00%, the fourth consecutive triple-rate hike since June and the sixth so far this year, pushing the level of interest rates to a new high since 2008.
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