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Rising Real Yields Reshape Treasury Market Outlook

Executive Summary U.S. Treasury yields have surged to multi-year highs, driven not by inflation expectations but by rising real yields — a distinction with significant implications for portfolio strat

Executive Summary U.S. Treasury yields have surged to multi-year highs, driven not by inflation expectations but by rising real yields — a distinction with significant implications for portfolio strategy. The 10-year TIPS yield stands at 2.05%, while the nominal 10-year yield recently reached a cycle peak of 4.67%. With the Gulf crisis introducing a wide...

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