Coming up, a hawkish fed sends treasury yields surging to cycle highs erasing highgrade bonds 2023 gains in the process as in the u. S. Government hurdles towards a shutdown deadline. A new world. We have seen a precipitous rise in a short time. Rapid moves. Longer yields are likely to move higher. Towards 5 . Bond yields backing up. It is not shocking that 10 year yields are increasing. Ask the dynamics in the bond market are changing. There are supply and an unmanned and demand dynamics with treasuries. At these leveled fixed income tax attractive. The bond market is testing the feds resolve. You could get a situation where the fed lost control of the backend end of the curve. Higher yields and concerns about growth slowdown. Hard to know where to go from here. A new world. Katie joining us now is Matthew Diczok and blake gwinn. Is this a new world . Matthew yes, the fed has a communication platform that is correct. As opposed to what they were telling us the last two years and they