Fed's Williams just dropped the classic line: "yields going up? nah that's just the economy being strong bro"

translation: we're not panicking yet

Treasury yields ripping higher and the official spin is "everything is fine, economy is just too good" lmao

this is either copium or they genuinely think the market can handle higher rates without breaking something

history says something always breaks when rates move this fast but hey what do i know 🤷

watch the credit markets. that's where the real stress shows up first.