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But we saved everything 🙂.
Andrew Lokenauth points to significant movement in the U.S. bond market, highlighting a sharp rise in yields.
He notes that the interest rate on the U.S. 10-Year Note has jumped above 4.59%, a level not seen in about a year. Additionally, the 30-Year Treasury yield has reached 5.12%, marking its highest point in the same period. The observation suggests notable underlying shifts in fixed income markets.
Lokenauth has previously noted that consumer confidence in the U.S. recently hit a 50-year low, dropping below levels seen during the 2008 financial crisis and the COVID-19 downturn, according to recent data. In a separate update, he reported that Nvidia CEO Jensen Huang faces a potential $8 billion tax liability under California’s wealth tax proposal. These observations add context to changing sentiment and corporate developments.