My .02, look at the 10yr, every time the yield looks like its gonna take off it get s smacked down. Only one with that fire power is the FED. So balance sheet increases while they raise and supposedly do QT lol. So this “not QE” is driving this market, treasury is backdooring the fed, dogs and cats living together etc.
Anyone notice? It should be the leading story on every finance news channel. Hardly a peep. For the 3rd time this year the 10y pops above 4%.. In the next 4 days it gets knocked back 34 BASIS POINTS. “Not QE” LOL
This is why the dollar continues to fall. They are creating inflation while raising rates, acting like they care.
FYI, not normal. We should be imploding but the fed is propping it up. Take from that what you will
