Long-term U.S. Treasury yield rise seen as a sign of economic confidence

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1. 1Treasury Secretary Bessent criticizes traders over rising long-term yields, expands buybacks
2. 2Income and spending up about 7% annually; odds of September rate hike jump to 62% from 35% after Waller speech
3. 3Author sees no evidence of slowdown, interprets current yield levels as a harmless signal

Source The Overshoot +11 · View original ↗

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