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Yields "Going Up For Right Reason," AI Leads Markets at Breadth's Expense
Source: youtube.com
Interest Rates & YieldsEconomic DataMarket Technicals & Flows
The 10-year Treasury yield rose to its highest level since July 2007 following the latest composite PMI data. Charles Schwab strategist Nathan Peterson characterized the increase as occurring for the “right reason,” implying that stronger economic activity rather than inflation fears is driving the move.
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