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1/2 "The Bond Market Can Stop Panicking When The Fed Starts Panicking" --- 3-day tick chart of the 30-year yield "Bond Traders are panicking a little less" https://t.co/XV1flvtQst 2/2 Probability of a September hike now 49%, up from 36% right before the speech dropped The Fed is panicking a little more. -- Restated, if the Fed does something about inflation (hike), bond yields can stop rising. https://t.co/xYgn29xp5f