TSX:AX.PR.E - Post by User
Comment by
Torontojayon Oct 28, 2024 5:30am
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Post# 36284481
RE:U.S. ten year....
RE:U.S. ten year....
DZtrader wrote:
..........currently climbing again/ still at 4.28 now, futures also up. This will strengthen dollar further. With middle east showing signs of truce, and prolonged China slowdown, this should send oil down fairly good. Yen dropping after Japanese election, I know someone on this boardis smiling right now with strong dollar weakening yen! Not so favorable environment for REITs however. 4.5 percent might start some nibblidge.
Nominal gdp is almost 150 bps higher than the current 10 year. We could see 5% if the unemployment rates comes down instead of moves higher.
As I said before and very accurately called it. US politicians are choosing inflation over a recession. Watch what happens to inflation when QT stops.