The 2013 Global Interest Rate Spike

Nice chart illustrating the year-to-date increase in global interest rates (10-year local currency government bond yields) .  Not surprising the emerging markets lead the global rate spike.  Also note, Italy, Spain and Greece are more credit instruments rather than sovereign bonds in the truest sense (sovereign real rate + expected inflation).

The move in rates, combined with the shrinking U.S. current account deficit, could be why gold is so volatile and trading so poorly.

Sep16_Global Rates

(click here if chart is not observable)

This entry was posted in Bonds, Gold, Interest Rates and tagged . Bookmark the permalink.

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