Published Aug 25, 2026, 1:17 PM ET · Updated 3 months ago · 1 source
Current 10-year yield is too accommodative for high nominal GDP
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Original Report
The current 10-year yield is too accommodative given the high nominal GDP, a situation likened to a 'banana Republic', which is a consequence of the Fed's QE policies post-global financial crisis that encouraged increased government spending without sufficient concern for rising debt.