...something unusual happening in the bond market?
...bond market is thinking of Inflation 2.0 and may be imputing that the Fed could be done with rate cuts for some time. And this is what is causing some turbulence in the market.
U.S. 10-Year Treasury Bond Yield From 3.62% to 4.62% since the Fed started the latest rate-cutting (monetary policy easing) cycle in September. The U.S. 30-year mortgage rate has moved from 6.5% to 7.3%.
