The US 10Y Note Yield is now moving in a literal straight-line higher, up to 5.13%. This is no longer an issue that we have months or years to address. This is unsustainable.
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Replying to @KobeissiLetter
The 10Y is now well above the policy rate. This isn't the Fed doing the work, it's term premium.

Sep 23, 2026 · 7:39 PM UTC
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