‘The bond vigilante is coming back,’ UBS strategist says

The bond vigilantes are coming back as investors continue to sell amid the prospect of higher for longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again on Monday, … Read more

Drug cartel violence flares in western Mexico after vigilante chief’s killing

APATZINGAN, Mexico — The drug cartel violence that citizen self-defense chief Hipolito Mora gave his life preventing flared anew on Sunday, simply sooner or later after he was buried, as shootings and highway blockades hit the town of Apatzingan, a regional hub in Mexico’s scorching lands. Roads out and in of Apatzingan have been blocked … Read more