10yr Yields peaked at ~1.70 as the Federal Reserve began YCC
(Yield Curve Control) well in advance of recognition by the
Retail Bond Market.
With a shortage of T-Bills and Janet Yellen attempting to Fund
the Fiscal Malfeasance out the Curve in order to reduce Short
Term funding.
With CASH mounting in Money Market Funds, there remains a
large pool of Cash with the potential to absorb further issuance
while driving Notes to Bonds Yields even lower.
The issue becomes the non-transitory nature of shortages,
rates of labor, price levels for those of us keeping track and
a number of perversions to the integrity of Data presented.
There is a long history of Intervention Failures, the approaching
one will be historic. Europe has by any measure, already defaulted.
This Point of recognition is quickly approaching in August.
It will spread and generate a panic.
(Yield Curve Control) well in advance of recognition by the
Retail Bond Market.
With a shortage of T-Bills and Janet Yellen attempting to Fund
the Fiscal Malfeasance out the Curve in order to reduce Short
Term funding.
With CASH mounting in Money Market Funds, there remains a
large pool of Cash with the potential to absorb further issuance
while driving Notes to Bonds Yields even lower.
The issue becomes the non-transitory nature of shortages,
rates of labor, price levels for those of us keeping track and
a number of perversions to the integrity of Data presented.
There is a long history of Intervention Failures, the approaching
one will be historic. Europe has by any measure, already defaulted.
This Point of recognition is quickly approaching in August.
It will spread and generate a panic.