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Get a taste of financial freedom with our free offer at realvision.com forward slash free. A bond market meltdown today followed also by a stock market meltdown, and Arc Invest with some serious

redemptions going forward.

I'm talking to Jim Bianco, founder and president of Bianco Research LLC in Chicago.

Jim, welcome back to Real Vision.

Thanks for having me.

So you saw what I was talking about. There are a number of different things that we can talk to

What's on my mind is because of those three is you know bond stocks and I would say

Turbochart, which is what ARC Invest is all about. Talk to me about how you're looking at the carnage today, both in terms of just the here and now

and your macro view.

So let's start with the bond market.

And you're right, it was carnage today carnage today was a 24 basis point range from

137 to 161 in the 10-year note. We haven't seen anything like that since the height of

the pandemic crisis in March of last year.

So it was an extraordinary day in the bond market.

And add to that, we had a seven-year auction,

which might have been the worst seven-year auction

that the Treasury's ever had. The bid to cover ratio was the lowest on record.

Now the data goes back to 2009 when they started the new seven year. The tail of 4.4 basis points was the worst ever.

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