The Urodala Futures Are Hedging Instruments

The markets are going in a different direction than j powell and the main stream inflation of case has been in slide six. There's been any number of excuses or attempting to justify how we cand e just wavea wave our hands and say, let's just ignore the signal coming from urodalla futures. These are instruments that are being used to hedge trillions upon trillions of dollars of fixed income portfolios and risk positions all throughout the global economy. So even though this is quoto, just hedging, the people who are doing the hedging representing is something you need to pay attention to. The fed isn't just going to stop raising rates. It's not going to stop its rate hike