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Breitbart Business Digest: The Bond Market Won’t Cause a Recession\u2014But the Fed Might

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. We’ve gone from everyone patting themselves on the back about achieving a “soft landing” to fears that the economy will significantly contract next year.An intense period of rising interest rates, high oil prices and a stronger dollar is pushing the financial market consensus on US economic growth away from the comforting notion of a soft landing.

In just the last two weeks, the yield on the benchmark US 10-year bond has risen by some 0.5 percentage points to around 4.8 per cent as part of a comprehensive shift in the entire interest rate structure.

 

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