Hello, fellow rebel capitals, hope you're well. So we've got bond yields exploding higher.

Well, not really, but if you listen to the mainstream media and Fintwit, this is exactly what you would think.

And the narrative around this is all wrong. They're talking about how this is a huge red flag. This is a massive warning

that the bond market is fighting Trump and the bond vigilantes are back. There's no more demand

for U.S. Treasuries and therefore the interest rates along of the curve are going to go higher and

higher and higher and higher. And then the Fed is going to have no choice but to do yield curve control

and more quantitative easing just like the Bank of Japan. Now maybe they'll do quantitative easing.

I don't know. But I can assure you they don't have to regarding interest rates.

So let's go over what the market is saying, this big narrative and this huge warning,

this big red flag they're talking about.

It really revolves around the fact the 10-year treasury got up above, for a moment,

4.5% today.

So this is the big brouhaha.

So let's go into Twitter.

I mean, the Kobiasi, I don't know how you pronounce this,

but they've got some good stuff,

but they're kind of parroting this line here.

The bond market is fighting Trump oh my gosh it's it's

fighting trump because trump wants interest rates to go down and and interest rates are going up so oh my

gosh what what's going to happen here so the premise with this narrative is in order for the economy to grow, we need lower interest

rates.

And somehow, because interest rates aren't going down, that's preventing the economy from

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