A sharp sell-off in major
eurozone bond markets deepened Thursday as rising oil prices and a stalemate in Greece’s funding talks raise questions about the sustainability of record low borrowing costs. The decline sent yields on Germany’s 10-year bond – the region’s benchmark sovereign securities – to the highest levels seen this year. German 10-year bond yields climbed seven basis points, to .59%. Erin weighs in.
Then, Erin sits down with Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us what the likelihood of the Federal Reserve raising rates or reverting back to the QE is and gives us his take on why the US economy is faltering.