@convexititties Treasury yields I believe are more based on euro and Japanese investments stalling because they have an energy crisis and domestic returns are better on duration
@Scorpio_Alejand I agree, real rates will continue higher, economy eventually will crack and we deflate. (Also terrible for gold) there is some really dumb price insensitive buyers (central banks) but really nobody else is speculating on gold that has any smarts
@vic_vicit@zerohedge Has nothing to do with that. It’s that foreigners no longer make good hedged returns in UST so they are buying stocks- and not buying UST- which means less demand for a lot of supply