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Market Impact: 0.65

U.S. yield curve sends stark warning - consumers can’t handle rate hikes

Source: The Globe and Mail

Interest Rates & YieldsMonetary PolicyInflationCredit & Bond Markets

A U.S. bond-market selloff pushed Treasury yields to multi-year highs last week as sticky inflation increased expectations for another Federal Reserve rate hike. The article emphasizes that the yield curve's shape, beyond the headline rise in yields, may provide the more consequential signal for growth and monetary-policy expectations.

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