𝐓𝐗𝐌𝐂|Oct 09, 2026 15:46
The Treasury market is supposedly on the brink of collapse. Nobody wants the bonds, the Fed will have to rescue it, and higher yields are proof the whole thing is coming apart.
But the auction data, Fed minutes, and economic fundamentals tell a rather different story.
New piece for subscribers: The Bond Market’s Death Has Been Greatly Exaggerated
https://alphabetasoup.substack.com/p/the-bond-markets-death-has-been-greatly
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