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*TRUMP: WARSH WOULD LOVE TO SEE LOWER INTEREST RATES
*TRUMP ON FED: WARSH IS FANTASTIC
Does Trump understand that talking about cutting rates is causing this (red headline on Bloomberg)?
*TREASURY 30-YEAR YIELD TOPS 5.20% FOR FIRST TIME SINCE 2007
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The 30-year is up 12 basis points to 5.21%, a new 19-year high. The market is worried about inflation and wants the Fed to act. If it does not, the market will. Bond traders will stop panicking (chart below) when the Fed starts panicking. The Fed/Warsh did not panic today. https://t.co/B29eeZzJ5B
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