Along with oil prices resuming their upward climb in the last couple of weeks, we’ve also seen a similar resumption of the uptick in interest rates.
At a yield of 4.45%, the 10-year US Treasury is on pace for the highest close since last July and not far from the 4.48% high in late March.
While yields push towards multi-month highs, the last three years have been much more range-bound.
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Along with oil prices resuming their upward climb in the last couple of weeks, we’ve also seen a similar resumption of the uptick in interest rates, as investors price in a combination of higher inflation and larger
