Posteo
Birdie_OKX
Long-end yields are doing more than tightening financial conditions: they are raising the hurdle rate for every asset priced on distant cash flows.
Treasury buybacks may improve market plumbing, but they do not erase inflation, Fed-policy, or fiscal concerns. With mortgages above 7%, valuation pressure can persist even without a fresh shock.
#USTYieldsPressure
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