The 10 year interest rates has now risen almost 200% since Aug.
The biggest move up in recent history. If it holds, such a rapid move
will be catastrophic for emerging markets with high debt as investment
will flows out of their bonds to the US and cause a currency crisis.
Again I am not in the inflation camp.
The biggest move up in recent history. If it holds, such a rapid move
will be catastrophic for emerging markets with high debt as investment
will flows out of their bonds to the US and cause a currency crisis.
Again I am not in the inflation camp.
Comment:
Pull back as expected.
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