OVER the course of many decades, the 10-year US Treasury bond has held its reputation as a reliable refuge during periods of economic turbulence. However, an unusual turn of events has unfolded, as even the traditionally risk-averse sentiment tied to the escalating Israeli-Palestinian conflict has proven ineffective in halting the rapid ascent of US bond yields. This unusual and anomalous performance demands a heightened level of concern and scrutiny. Across global markets, anxiety is mounting concerning the reliability of US bonds and a growing skepticism surrounding the stability of the US economy. This unprecedented lack of trust looms ominously, casting a shadow of doubt over the prevailing dollar-dominated financial system, potentially sparking a turbulent tempest. The incessant procession of interest rate hikes by…
