"Global asset pricing anchor" screams! Are US bond bears sounding the assembly call?
①With the 10-year US Treasury yield, known as the "anchor of global asset pricing," returning to above the 4% level this week; ②More and more traders are beginning to worry that the US Treasury market will further give back earlier gains this year; ③Because they expect the Federal Reserve to cut interest rates at a slower pace before the end of the year.
Bridgewater founder Dalio: The Fed's sharp interest rate cuts are by no means normal. US debt has become a "high-risk investment".
Ray Dalio stated that US Treasury bonds have become a lackluster investment.
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