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Open original source ↗The US 10-Year is at 4.70%, the highest of Trump's second term.
What will it take to get it to stop rising? See the repost below.
tl;dr: Kevin Warsh says inflation is a "choice." It is time for the Fed to "choose" to act on it, as the market is deeply troubled by its current level and outlook.
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There's an old adage that goes, "When the Fed starts panicking, I can stop panicking." If the Fed takes inflation seriously, bond investors can stay calm. If the Fed wants to continually rationalize that inflation is not a problem, bond investors might panic. Is this why bond yields are at 5.15%? So, if the Fed panics a little and hikes next week, bond investors can calm down. Otherwise, if the Fed fights rate hikes, the slow panic among bond investors could heat up.
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