Bond Market Sends Warning Signal as US Rates Rise Amid Global Economic Uncertainty

The US bond market is sending a warning signal to policymakers as interest rates rise.

According to overnight data, the UST 10yr yield is now just under 5.27%, up another +3 bps from yesterday and a new high since June 2007.

In other economic news, Canada's August GDP rose, with activity increasing by +1.7% real from a year ago, making their economy 'resilient' enough to potentially spark rate hikes again.

China is rolling out stimulus measures and subsidies to counter a growing slowdown, including lowering technical interest rates and subsidizing mortgage interest rates for low-income borrowers.