POPA ReconWhat is happening here.
What is happening here. The bond market is now pricing-in 4 more 25 basis point rate hikes by June 2027, a total of +125 basis points including September's hike. Just 9 months ago, markets had expected at least 100 basis points of rate CUTS by June 2027. That's a +225 basis point differential in interest rate expectations in a matter of months. Meanwhile, the 10Y Note Yield is up nearly +70 basis points in 30 days with no comment from the Trump Administration. To top it all off, after a failed attempt at intervention, the US Treasury is now completely silent as long-term yields surge to t…
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