Long Bond Yield Surges to Highest Level in 22 Years, What’s Behind the Increase?

The S&P Services PMI is the trigger. Prices leap, and shortages are noted. S&P Global US Flash PMI Please consider the S&P Global US Flash PMI® US business activity growth accelerated for a fourth successive month in September to reach the fastest rate for over five years. A further surge in service sector business activity …

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