>>22350784Yes, the FED wants long rates lower, but... have you seen this chart? It's been going down actually since the Volker crank. This represents the end of the exclusive bid USD reserve status.
We're doing a global adjustment that hasn't been seen since WWII.
This runoff we're in is actually just a diversification away from UST's into other sovereign T's and also GOLD - the equities are just the froth on the top of the wave. It's very fast, but also seems very targeted/intentional/measured.
Tariffs seem to be getting priced in a bit, too.
Let's see what happens next!
