Amid horrific headlines about the Middle East and US Congressional chaos reaching new heights, investors and finance mandarins have kept a sharp eye on one dominant chart to gauge what may come next for markets: US 10-year Treasury yields, which have been grinding higher since late August. Like any doctor taking a patient’s temperature or mechanic checking an engine’s oil, every assessment of the global economy begins with a check on the cost of borrowing money by the world’s richest and most powerful government. And while there are wide differences on what constitutes ‘normal’, we haven’t seen current levels since ... (full story)