23 Aug Is the Bubble Bursting With a Credit Crisis?

Dear Traders, What a strange world we live in. Bond yields are surging, with 10-year US Treasury rates hitting a sixteen-year high! The reopening of the US economy post-Covid-19 resulted in substantial cash reserves for many, yet supply chains remained distorted, and staffing shortages persisted in sectors like travel. This scenario led to a inflation surge as demand outpaced supply. I vividly recall the air travel frenzy in 2021 and 2022. Although much of this was...