from ZeroHedge:
For the first time since October 2007, the yield on 2Y US Treasury bonds has topped 4.00%…
…having soared over 60bps since Fed Chair Powell gave his hyper-hawkish speech at Jackson Hole…
Meanwhile, the terminal rate for Fed rate-hikes has risen to 4.52% this morning, expected in March 2023…
TRUTH LIVES on at https://sgtreport.tv/
…having soared over 60bps since Fed Chair Powell gave his hyper-hawkish speech at Jackson Hole…
Meanwhile, the terminal rate for Fed rate-hikes has risen to 4.52% this morning, expected in March 2023…
Do we really think The Fed can get there without folding to political pressure or flip-flopping to abate risk-asset carnage?
As we noted earlier, how do we think Elizabeth Warren is going to react to this?
When the Fed hikes to 3.25% from 2.50%, it will be paying banks $460MM in daily interest on IOER/Reverse Repo.
When the Fed hikes to 4.25% by year end, it will be paying $600 million in daily interest to BANKS.
Think that won’t be a political issue? Think again
— zerohedge (@zerohedge) September 20, 2022
