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Scott Bessent arguing that the Trump Admin wants a lower 10-year...not more Fed cuts.
Simplistically, though, the 10-yr is short rates + future Fed expectations + term premium*
We can see this in the consistent relationship between the 10yr and SOFR implied terminal rate.
时政
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由
Warren Pies
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🇺🇸 SCOTT JENNINGS: GUY WITH A NAZI TATTOO IS WINNING THE DEMOCRAT PRIMARY BY 30 POINTS
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🇺🇸 SCOTT JENNINGS: GUY WITH A NAZI TATTOO IS WINNING THE DEMOCRAT PRIMARY BY 30 POINTS
“I hate to break the news to you, but he’s winning the primary by 30 points.
Getting a Nazi tattoo made him more popular among Democrats.
You’ve got a guy in Maine with a Nazi tattoo who
btc
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twitter.com)
00:00:50