The Implications for the US Bond Market

There are major structural influences that are leading to this rise in longer-term interest rates. The US and the EU froze Russian Central Bank assets, which was also a game changer for sovereign bonds. And I beg people to read the transcript of what Zipper Cruder said this week in the earnings report for the third quarter in a row talking about slowing pace of hiring. So you cannot discount what they say. You would every reason to see yields lower. And they're not. This is terrible action that I think people should take note of.