The bond market is revolting against the Fed

This morning, yields on the U.S. 10-year bond soared over 4%. This continues a non-stop rise in yields following the Fed’s 50 basis point rate cut on September 18.

Normally, long term rates follow the path of interest rates in the… pic.twitter.com/xn4cz5wJqF

— Porter Stansberry (@porterstansb) October 7, 2024