End year Inflation expectations are rising in tandem with the 10 YR yield, which is shy away from 5%. Central banks will most likely deliver rate increase/s year end (update 1)

October 19, 2023

10 YR at 4.94, shy away from 5.00%

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September 25, 2023

The U.S. 10 YR yield is edging closer to 5%, after reaching highs of 4.6% (y-o-y).  Tracking Personal Consumption Expenditures (green line) and the July 2023 bounce in the Consumer Price Index (white line).  Being the spillover from the rising crude price, which had jumped over $20 in the last quarter.  Touching $90 per barrel, since falling back to $89 pb.

The market is beginning to price in rate hikes by Central Banks year end.