"Approach it with a deep breath, and know this is going to work out in the end,' says Ryan Murphy, director of fixed income business development at Capital.
Pershing Square Capital Management founder Bill Ackman said late Tuesday that his firm has taken out a large short position against the 30-year Treasury bond.
The U.S. stock market hasn't found a reason to call it quits yet on the 2023 rally, despite a flood of Treasury debt issuance at plump yields which is.