There are fundamentals driving yields higher as well. Bond expert and InYourBestInterest.ca host, Hank Cunningham, says "one of the fallouts of the budget will be a record issuance of Federal bonds this year, some $82 billion." Moreover, the US treasury is issuing an astronomical $2.5 trillion worth of its own notes and bonds this year. New supply typically has an upwards influence on bond yields.
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