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Marc Chandler - Weekly Market Recap: Global Bond Sell-Off, Economic Reacceleration, A Surging Dollar

The KE Report May 15, 2026

Summary

Global bond sell-off is driving yields higher across US Treasuries, UK Gilts, and German Bunds, signaling tightening financial conditions that pressure metal prices.

US economic reacceleration is causing a dramatic shift in Federal Reserve rate cut expectations, significantly boosting the US Dollar against other G10 currencies.

Commodity markets experienced extreme volatility, with copper reversing from record highs and precious metals facing headwinds from surging yields and a strong dollar.