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John Rector

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Tag: bond market

Cover: Two Hands on One Curve -- the Fed and the Treasury pulling the long end of the yield curve in opposite directions, with the 10-year yield of 5.22 percent in the background
Cat Links Business Advice, Reality Equation

Two Hands on One Curve

Posted on September 25, 2026 jsrector

Kevin Warsh and Scott Bessent are not running a coordinated tag team. The Fed wants the long yield left as an honest reading, the Treasury wants it lower, and eight days after the hike the 10-year hit its highest level since 2007. … readTwo Hands on One Curve

Dark navy cover with the title The Price of Thirty Years in cream serif, the word Thirty in brass italic, and a faint 30Y glyph in the corner.
Cat Links Business Advice

The Price of Thirty Years

Posted on September 3, 2026September 3, 2026 jsrector

A three-month bill pays 3.92 percent and a thirty-year bond pays 5.27. The gap is the price of thirty years of trust, and this week the market, the Treasury, and gold all said it is not enough. … readThe Price of Thirty Years

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