The Kobeissi Letter|5月 13, 2025 18:52
The bond market is fighting Trump:
Despite countless efforts to calm yields, they keep rising.
The 10Y Note Yield is now up +35 bps in May alone, back at 4.50%.
As trade deals are announced, rate cuts are being priced out, giving Powell more of a reason to not cut rates.
Again, we believe the bond market is Trump’s top economic priority here.
Rates are nearly 100 bps ABOVE pre-Fed pivot levels.
+2Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink