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Apollo’s Slok Sees Iran War, Tariffs Driving US Yields Higher
Source: Bloomberg
Sovereign Debt & RatingsInterest Rates & YieldsFiscal Policy & BudgetEconomic Data
Apollo’s chief economist Torsten Slok argues US fiscal concerns are not a key driver of upward pressure on US Treasury yields. He suggests worries about US policy making are actually lower than those in Japan and Germany. Net: a relatively neutral read-through for rates, more positioning/cross-country comparison than a new US policy catalyst.
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