The IMF/WB annual meetings are happening in DC this week. It’s not unusual for discussion at these meetings to gravitate towards one particular theme, especially if something big is going on in markets. At these meetings two years ago in Marrakech, practically every meeting started with the same question: “Do you know why the 10-year Treasury yield is going up so much?” At the time, the 10-year Treasury yield was pushing towards 5 percent - its highest level since 2007 - in a move that seemed to come out of nowhere and that no one really understood. At this week’s meetings, the first question people have is: “Do you ... (full story)