Bond Market Today Impacted By Inflation & Energy Crisis In Europe
b'Treasuries broke through the highest levels in yield since June. "Why are interest rates going higher right now? Financial conditions are not as tight as they could be and the VIX or the Fear Index is relatively stable. Even though the stock market today has been selling off, our PCE or Personal Consumption Expenditures Price Index is double what it was in 2018. The upcoming ECB or European Central Bank is doing most of the heavy lifting due to the energy crisis and record inflation," says Larry Shover.'