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The selloff is actually kind of concerning. Long term treasuries are now being issued with ridiculous interest rates:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fmarkets%2Fbear-steepening-us-yield-curve-dashes-soft-landing-hopes-mcgeever-2023-10-05
I don't personally think 5% is all that ridiculous
The selloff is actually kind of concerning. Long term treasuries are now being issued with ridiculous interest rates:
https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fmarkets%2Fbear-steepening-us-yield-curve-dashes-soft-landing-hopes-mcgeever-2023-10-05