Deripaska predicted an imminent “hour of reckoning” for the United States due to sanctions – Kommersant

Businessman Oleg Deripaska believes that US Treasury yields indicate the approaching “hour of reckoning” due to sanctions imposed by Washington. As of 10:30 Moscow time, the yield on two-year treasury bonds reached 5.01%, ten-year – 4.03%.

“The hour of reckoning for the sanctions rage is getting closer. There are three, three and a half years left,” Mr. Deripaska wrote in his Telegram-channel, commenting on the article The Financial Times about the US stock market.

In particular, the FT article talks about a massive outflow of investors from US stocks amid rising bond yields due to record US employment data. The yield on two-year Treasury bonds rose to its highest level since 2007, exceeding 5%. The 10-year bond yield rose to its highest level since March, climbing above the 4% mark.

Treasury yields began to rise amid fears of new increases in the key interest rate of the Federal Reserve System (Fed). Following the results of the June meeting, the US Federal Reserve for the first time since March 2022 refrained from raising the rate, leaving it at the level of 5–5.25%. The forecast of the members of the Federal Open Market Committee at the same time provides for an increase in the rate this year to the level of 5.5-5.75%.

More details – in the material “Kommersant” “The Fed held the bet”.