"Treasury Market Breakdown Is At Risk": Fed Markets Guru Has A Scary Warning For Powell

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by Tyler Durden
Monday, Oct 03, 2022 - 02:44 PM

Well, it finally happened: what we've been warning for the past year, namely that the Fed's aggressive rate hikes will break something...

...did in fact break something, actually quite a few somethings: first the BOJ, then the BOE (just maybe Credit Suisse), and as Bloomberg's Garfield Reynold writes, Treasury 10-year yields are surging relentlessly higher in a way rarely seen, as they have "finally" realized the Fed's resolve to tame inflation.