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Eric Parnell: U.S. bond yield movement follows CNBC announcement on Powell investigation

Eric Parnell: U.S. bond yield movement follows CNBC announcement on Powell investigation
U.S. bond yield moves after Powell news

Eric Parnell, industry influencer, highlights the movement in the 10-year U.S. bond yield following CNBC's announcement at 10:17 a.m. ET that the investigation into Powell has been dropped, potentially paving the way for Warsh.

Parnell cites a Bloomberg intra-day chart to illustrate the bond market's immediate response to this news.

Axel Merk has previously discussed the relative strength of gold and mining investments compared to technology sectors during a Bloomberg TV appearance, according to one interview. In a separate conversation, Merk addressed how the weaponization of the dollar has impacted global financial systems and investment flows, as reported here. These comments provide additional context to recent market reactions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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