The generic 30 Year US Treasury yield at 5.10% currently is less than 10 basis points below the nearly two decade high, and keeps bumping up against this resistance. Seems unlikely to hold. Even Lacy Hunt has turned bearish, to his credit.
This is profound. Russia has turned from a massive net exporter of diesel, jet fuel, and gasoline, and is becoming an importer. It's no longer creating supply for the world; it's now creating demand.
The energy crisis is worse than you've been told.
Full report: https://t.co/clwOnCweo0