MBCC TH 11th Aug'26 - "The Bond vigilantes are at work, not happy with the Fed nor the Iran war - yields up and Yen down..again!"

As much as the US Treasury, Bessent, is trying to artificially support the US Bond market by propping up the Yen for the BoJ, it keeps falling and this is before OTHER central banks need to sell US assets to support their currency..

What is the end game here? The Fed chair is too weak to do anything but watch…