Biden ‘Bombs’ & Bad-Flation Send Bond Yields & Black Gold Higher, Stocks Pause Into Payrolls Did Biden “mis-speak” yet again when he said they were “discussing” bombing Iran oil facilities? For now, oil doesn’t think he’s senile and WTI is trading at one-month highs… Source: Bloomberg …and that implies pump-prices are going higher… Source: Bloomberg Solid Services PMI headline data was besmirched by ugly surges in underlying inflation data… and that combined with the surge in oil prices prompted a sizable rise in bond yields on the day (yields up 6-8bps across the curve today)… Source: Bloomberg …and a notable… — Continue at ZeroHedge News : Read More
Home » Biden ‘Bombs’ & Bad-Flation Send Bond Yields & Black Gold Higher, Stocks Pause Into Payrolls – Tyler Durden