Global Mood Ring: How One U.S. Bond Yield Rules the World (and Our Anxieties)
The 10-Year Treasury: Humanity’s Favorite Global Mood Ring By Our Correspondent Somewhere Between Frankfurt and Existential Dread Every morning from Tokyo to Toronto, bond traders wake up, kiss their Bloomberg terminals, and ask the same question: “So, what’s the 10-year doing?” It’s less a query than a planetary pulse-check. The U.S. 10-year Treasury yield—currently flirting…