LOTM: Is the Bond Market doing the Feds Job with Interest Rates?

We are back at pre-covid rates in the market with the Fed not having to do the heavy work.
We could see “market” treasury rates falling this summer. This would create a violent rally going into the November elections.

Two-Year Treasury

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Just an opinion folks, but we might be close to the point-in-time where one more (May) rate hike, marks a top on the interest rate Fed hiking cycle for the time being.

Ten-Year treasury

Chart, histogram

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