Bonds Melt-Up again! Two-year Treasury yield hits 17-year high after strong retail sales figures!

Market Update: 10/17/2023

Global bond sell-off resumes as latest sign of US consumers’ resilience reawakens fears of ‘higher for longer’ interest rates.

On Thursday Fed chair Jay Powell will speak at the Economic Club of New York, at which he may give insight into officials’ thinking ahead of the central bank’s next meeting in two weeks.
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