And Now, Back To Our Regularly Scheduled Programming: Yields are surging again following the Moody’s downgrade on Friday. The 10Y note yield is nearing the 4.50%-4.60% area that we have seen the Trump Administration react to many times. Trade deals, recession worries, lower inflation, and slowing GDP all can’t get lower yields. Meanwhile, Fed Chair Powell remains adamant on not cutting rates. Powell may now be one of the most powerful people in the world. What will it take?