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Podcast: Thorsten Polleit
Episode: Ep. 319 | BOND BUST. GET GOLD
Description: Whether in the U.S., Europe, or Japan: bond yields are rising. For instance, the U.S. Fed has cut its key interest rate by 1 percentage point from September 2024 until today. But long-term yields have not declined, as it is usually the case if the central bank cuts interest rates, but gone up. The yield on the 10-year US Treasury bond has risen by almost a full percentage point from 3.8 to 4.7 per cent—the highest level since October 2023. And the yield on 30-year US government bonds has nearly reached 5 per cent—a record high since the spring 2007. Why have yields gone...