U.S. 10-year yield above 5% linked to global bond moves
Siebert Financial’s Mark Malek says the U.S. 10-year yield reaching 5% was not isolated, pointing to synchronized moves in global bond yields, including Japan’s 10-year government bond yield crossing 3% for the first time in 30 years.
S. Treasury yield did not go to 5% because something broke in America, it went to 5% in the company of every other global bond yield, says Siebert Financial's Mark Malek in a note. He points, in particular, to Japan's 10-year government bond yield crossing 3% for the first time in 30…