Treasury Bond Manipulation Is Failing Already. What’s Next? - MishTalk
Treasury Bond Manipulation Is Failing Already. What’s Next? - MishTalk
Source: MishTalk
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DW NOTE
The Fed holds rates at 3.75% while the 10-year yield climbs to 4.71% — a 96-basis-point gap that says bondholders no longer believe the central bank controls the term structure. When the market prices inflation risk above the policy rate by nearly a full point, you're not witnessing monetary transmission, you're witnessing monetary rejection.