By Daily Crux Editor Braden Copeland:
Investors all over the world are preparing for the onslaught of inflation and getting the hell out of the U.S. dollar. Yields on the 10-year notes spiked .26% this week. This is the biggest spike since they added .3% for the week ending January 23. The yield is at its highest level since Nov. 19. And things will only get worse...
From Bloomberg:
"We are testing key levels on the long end of the market," said Hicham Hajhamou, a trader in New York at BNP Paribas, one of the 16 primary dealers that trade with the Federal Reserve. "There's a lack of confidence in dollar assets and the bond market is repricing itself."
...weakness in the U.S. dollar has made U.S. assets less attractive to foreign investors. The Dollar Index, used by the ICE to track the U.S. currency versus the euro, yen, pound, Swiss franc, Canadian dollar and Swedish krona, has fallen 11 percent from its high this year of 89.624 on March 4.
Make sure you've got some gold or farmland when this all hits the fan.
Read full article...
More on the demise of the dollar:
If you don't buy gold after seeing this chart, you're nuts
Jim Rogers: Dollar's rally is set to end in a currency crisis soon
