Arthur Hayes: The yield on 10-year U.S. Treasury bonds is rising against the trend, and the situation is getting out of control
Arthur Hayes stated in a post, "The Federal Reserve doesn't have much time left, the situation is getting out of control. Previously, a stock market decline would lead to a drop in the yield of U.S. 10-year Treasury bonds, which was beneficial for risk assets. But now with the stock market falling and accompanied by an increase in the yield of U.S. 10-year Treasury bonds, this is bad news. The market has finally realized that if dollar export revenues decrease, it will be impossible to have more buyers for government bonds or stocks; game over."
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