All eyes are on Jerome Powell for Wednesday. I bet the man cannot WAIT to hang up his FOMC badge and get out of there in a few months, making way for the grinning, brown-nosing sycophant Kevin Bennett to get in there to push rates too low and wreck the economy completely. In the meanwhile, bonds continue to go precisely the OPPOSITE direction you’ve expect.
Rates are moving up both for long-dated bonds (above) and medium-term (below). 2026 is going to be epic!
