In The Press… What happened in October in the US Treasuries market?

Mike Dolan, Reuters, Friday, October 20, 2023:

Between the end of June and the end of October, the yield on the 10-year US Treasury increased by more than 100 bps to reach levels not seen since the summer of 2007. In this interesting article, Mike Dolan reviews the explanations for this sudden movement.

He quotes our note that attempts to explain this impressive increase, using the original tools we developed. A good understanding of what is happening can help predict the (very uncertain!) future.