Bonds & Bullion Sold As Breakevens Surge; US Sovereign Risk Spikes

Bonds & Bullion Sold As Breakevens Surge; US Sovereign Risk Spikes

US inflation breakevns are soaring this morning, back to their highest in almost two months…

Source: Bloomberg

That has dragged nominal yields higher with 10Y testing resistance and back above 1.50%…

Source: Bloomberg

And the dollar jerked higher…

Source: Bloomberg

Which sent gold lower…

And all of this as debt ceiling fears soar…

Source: Bloomberg

Along with USA Sovereign risk…

Source: Bloomberg

Get back to work Mrs.Pelosi.

Tyler Durden
Tue, 10/05/2021 – 09:20

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