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Which implies the 10 year has moved significantly today. I want to turn focus to the front end of the bond curve. You see the 2year treasury have moved. Up at 2. 12 the 2year bund up 1. 15 this is about 20 basis points higher what that means is investors are pricing in a higher probability of a bigger move at the next ecb meeting. As it stands, 75 basis point hike in september. All of that is priced in after the german curve to give you more color on what actually was said at jackson hole, jay powell warned that the u. S. Economy will suffer quote some pain from Rising Interest Rates as he vows to use the feds monetary tools to stamp out inflation. Powell said there will be economic costs to the aggressive hiking cycle, but the costs continue to run hot would be far worse. Higher Interest Rates and Slower Growth and softer label or conditions will bring down inflation, but it will bring pain to households and businesses these are the costs of reducing inflation. A fair yolure to reduce

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