The Risk of a Higher Yield in Treasuries

Raus: I think there is real risk that we get a spike higher in yields. But then, inevitably, if it flashes out to those kind of levels, you know, tens and 30s going out to 4.5%, then it could really then come back just as viciously. And then we see a reversal back down to lower yields. So Raus's point of view, he, as he always reminds us, is long. His bond call still long. In the short term, I think this, in the medium term, I see this. It sounds like volatility, a real concern, that big up and down. What are the implications of that? Because Raus