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Losing to 84. 29, the main thing keeping yields at this elevated level is that concern that the fed will keep rates for higher for longer. My gut is the fed raises one more time. Why not, it is built into the market and the question is how quickly think can they cut and it certainly will not happen before the second half of next year. My fear is that this ticks around for longer than the market expects that this ticks around for longer than the market expects. Matt Abigail Doolittle has more on this unprecedented rise in bond yields. Abigail it is incredible and the idea that we can see more mark for more height from the fed, i wouldnt be surprised if there is more than that and the question for cutting, i dont see how that comes into play given the fact that the fed has not talked about that as all. At all. Taking a look at yields, look at that huge backup. This is a big upside down world between the two year and the other parts of the curve. That two year yield above 5 and really pav

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