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Remember this from a week ago? The yield on the US 10-year government bond is now trading at 4.55%, helping the dollar to appreciate above 106 as measured by the DXY index.
Meanwhile, the broadening recognition that rates will be high for longer is fueling more discussions about… https://t.co/L0xrlNFmlS pic.twitter.com/nkhInZipQD

— Mohamed A. El-Erian (@elerianm) September 26, 2023