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Spiraling US Debt and Its Impact on Interest Rates

Bloomberg Surveillance

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Interest rates and the 10-year treasury yield

Interest rates remain uncertain as Powell indicates a possible December hike. The focus now shifts to the 10-year treasury yields and the US debt. There are concerns about consolidation at current levels and what factors could lower yields. Despite the Fed's efforts to control inflation, headwinds such as rising oil prices and union wage negotiations persist. Government spending on renewable energy and initiatives like the CHIPSAC continue to stimulate the economy.

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