Noted economist and gold bull Peter Schiff warned that northward-bound bond yields and energy prices have further legs to play out.
What Happened: The yield on the benchmark 10-year Treasury note hit an intra-day high of 4.372% on Tuesday, the highest level seen since Nov. 2017. The spike in bond yields reflected investor expectations that the Fed might not soon begin reversing its rate hikes amid the recent spate of strong economic data, the slight uptick in inflation in August, and the spike in oil prices that could push inflationary pressure higher.
Crude oil prices ...