The past week in the financial markets has hardly been one for the faint of heart. The big moves in the bond market have continued, with 10-year yields rising as high as 4.88% before sinking lower through this morning’s trading down to 4.73%.
The volatility has also sent the gold and silver prices higher, lower, and then slightly back up again, as the markets attempt to price in just how far the bond market is going to sink.
Concerns of a credit event continue to emerge, as the awareness over the growing deficits in the US are being brought to the forefront. All of which has pressured gold and silver over the past week, yet the realization that the Federal Reserve is going to have to begin monetizing more and more US treasury debt going forward has not been forgotten.
To find out more about the latest moves, click to watch this video now!
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