This is a recorded live stream conducted from London on Wednesday, October 3rd, 2018.
In this report, I talk about the U.S. Treasury or bond market and how this market could be pointing to trouble ahead for the financial markets and the economy.
The 10-year Treasury yield to a 7-year high of 3.18% today and was up as much as 11 basis point on the day.
Rapidly rising bond yields are a problem as the cost of financing becomes uncertain and leads retrenchment by potential borrowers.
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Happy birthday. Kind of fitting that we see the spike in yields on your birthday.