30-year yield hit 5.58% — highest since 2004
Why it matters: debt spiral + AI bonds eating liquidity + sticky inflation + oil risk from Iran
Fed's in a corner. They pause on Oct 28, they look asleep. Market's pricing 70% odds of a 25bp hike to 4.00-4.25%
Not great for risk assets if rates keep climbing
Why it matters: debt spiral + AI bonds eating liquidity + sticky inflation + oil risk from Iran
Fed's in a corner. They pause on Oct 28, they look asleep. Market's pricing 70% odds of a 25bp hike to 4.00-4.25%
Not great for risk assets if rates keep climbing
