The Hidden Danger Lurking in the Rates Market, and the Tit-For-Tat Between the U.S. and China 5/7/23

Stocks closed modestly lower on Wednesday, but interest rates rose to their highest level since before the collapse of Silicon Valley Bank. So does the slow and steady climb in yields suggest the stock market’s run is about to end? Plus China threatening export restrictions on the metals key to manufacturing high-tech semi chips. This on the eve of Treasury Secretary Janet Yellen’s visit to Beijing. So will her mission have any impact on relations between DC and Beijing?

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