The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007.
The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007. The benchmark 10-year Treasury yield also rose, last trading at about 3.1762%, with the two edging closer to an inversion — which can often signal a recession. Yields move opposite to the price, and a basis point is equal to 0.01%.Short-term rates have moved more in the last few days because of their higher sensitivity to Federal Reserve rate hikes, flattening the widely watched yield curve.
Thanks Biden. Jesus.
Bidenomics
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Suze Orman says to do this right now if you're worried about inflationSuze Orman says to do this right now if you’re worried about inflation. Why would I lend this corrupt government anything? Wasn’t she involved in several scams? Why would anyone take advice from her?
Source: MarketWatch - 🏆 3. / 97 Read more »
Russia's inflation is leveling out while America hits 40-year highThe Bank of Russia issued a statement saying that it had cut a key interest rate by 150 basis points to 9.50 percent per annum, or annually.
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Biden slams Putin for inflation, now running at 41-year highLOS ANGELES — President Joe Biden slammed “Putin’s tax” for surging prices, blaming the Russian leader for hiking costs on everyday goods as inflation ticked up to a 41-year high. JoeBiden Sure JoeBiden JoeBiden Pathetic deflection
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UK faces stagnation and recession risk, CBI warnsBritain's economy faces stagnation next year and could easily fall into recession, the Confederation of British Industry (CBI) warned on Monday after it slashed its outlook for growth due to surging inflation. The BrexitDisaster is predominantly courtesy of the Brexit supporters.
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US consumers contend with double-digit price increases at the grocery storeAmericans are facing grocery store price hikes at levels not seen since the inflation-soaked 1970s. Clap 👏🏿 👏🏿 for yourself CNN reason being your president is so focused in funding war than the reality checks. Canada on the other hand, claim supplying Kiev is becoming a burden while Finland is experiencing bottleneck over the closure of Russia 🇷🇺 Airspace. The CEO corporate trickle down deal just seem to reach me...maybe I'm missing the concept 😕 Long live democrats and LGBTIQ + !
Source: CNN - 🏆 4. / 95 Read more »
Gas, groceries push inflation to highest in 40 years, data showsThe Consumer Price Index for May rose 8.6% over the year, higher than many economists expected. It’s also a number not seen since 1981. These experts aren’t very smart. Gas going up all month made it easy to predict inflation would not go down. God I miss Trump. Sucks they stole the election. No one can convince me that Biden got the most votes for president EVER. And it was the first time a president ran for re-election, got more votes than the first time, and lost.
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