30-year US Treasury yield hits highest level in 19 years

driving the sell-off – fiscal deterioration, defense spending, sticky inflation, central bank paralysis – are not resolving in the next week. They are getting worse,” Ajay Rajadhyaksha, global chairman of research at Barclays, said in a note.

It’s been 80 days since the war with Iran began. The stock market tumbled before reclaiming record highs. The continue reading …