From the Desk of Ian Culley @IanCulley
Rates are on the move again.
The US 30-year Treasury yield $TYX cleared numerous hurdles this week.
It broke above a shelf of former highs, climbing to its highest level year-to-date. And, perhaps more importantly, it reclaimed its former 2014 high.
Add a potential failed breakdown in the US dollar index $DXY, and it’s starting to feel a lot like 2022.
But should we expect another bloodbath?