UBS On-Air: Paul Donovan Daily Audio 'In bondage?'

US 10-year Treasury bond yields moved sharply above 5%, and the USDJPY exchange rate is back above 158. US Treasury Secretary “House” Bessent seems to be demonstrating the house does not always win. For Gen Z bond traders, a 0.15-percentage point rise in yields is scary. For Gen X bond traders, it is mild. A variety of concerns came together to worry the markets.