Global Markets Are Facing Major Milestones at Every Turn
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With all the focus on the 10-year Treasury yield, it’s easy to overlook the tumult that may await global investors across other asset classes.
The U.S. government’s decade-long borrowing costs crossed the 3 percent threshold for the first time in four years on Tuesday. That’s not just any round number, but one that marked the highs of its double-top formation back in 2013 and 2014.