Everything is Deteriorating Rapidly as Interest Rates Rise again

Everything Is Deteriorating Rapidly And Interest Rates Are Rising AgainFeb. 29 February 29 (King World News) – Peter Boockvar: Let me start by saying that while regular Treasuries are rallying on the in line inflation print, the inflation breakevens are actually rising a touch with 2 yr and 5 yr levels up about 1 bp. The 10 yr inflation breakeven is unchanged. By the way, the 2 yr inflation breakeven at 2.78% is at the highest since March 2023. The 5 yr is less than 3 bps from the highest since last April. So this is more seemingly a relief, short covering driven…