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Mike Shedlock, author / blogger at MishTalk, challenges the prevailing explanations behind the recent surge in long-term bond yields.
He states it is not primarily due to the deficit or oil prices, suggesting other underlying factors may be playing a significant role.
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Shedlock has recently highlighted a 0.4% increase in August consumer prices in his article on the likelihood of a September Fed interest rate hike. He also reported that U.S. nonfarm payrolls rose by 29,000 in September, noting a concurrent rise in unemployment to 4.2 percent. These observations follow his ongoing coverage of key economic indicators.