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Yahoo!Finance-Bloomberg/James Hirai and William Shaw/7-26-2021
“The real yield on 10-year Treasuries fell to a record low as concerns mounted over the outlook for economic growth even as investor flows fueled appetite for inflation-linked debt.”
USAGOLD note: If the Fed continues to hold rates in the current range and inflation continues to ratchet higher, the real yield will move further into the negative, a situation that has encouraged gold demand in past cycles, just as it is encouraging demand for TIPS now.
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