Iran Strikes Israel. Yields Ought To Move Higher.
We ought to see a 5% yield on the 10-year Treasury this week given Iran’s strike on Israel, but who is to say for sure. Investors have been far too sanguine since Trump and Biden pumped $9.0 Trillion worth of deficits into the U.S. economy since 2020.
A normal, pre-COVID market response would see Treasury yields spike, the price of oil and gold spike and equities fall. However, we live in a time where debt does not matter, war does not matter, nothing apparently matters to this current crop of nihilist institutional investors.
Washington D.C. was concerned about Iran over the past week:
