 Both 10 and 2 year yields moved higher in 2022, pushed by much tighter central bank policy. The chart above shows the 2021 end of year 10 year yields, the end of year 2022 10 year yields, along with the changes for the year in those yields for major global countries. The largest gains in 10 year yields for the year were in EU as the markets started to discount higher yields in 2023 to fight inflation due to a more hawkish ECB going into 2023. The German 10 year is up 2.753,... 