When Fed Powell cut rates by 50 bps, he did not expect the US bond market 10 year yields to collapse so much, as though the Bond market has been calling “bs” on the Fed all year. So, the big question is what will they do now?
MBCC TH 21st Oct'24 - "US 10 year yields at 4.15% and counting, paging Fed Powell! The one set up the market is NOT ready for!"
