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Markets Are Quiet. Too Quiet.
Many Happy Returns
The Dangers of Treasury Yields
If yields go up on Treasuries, everyone's going to start paying more. The treasury yield floats all the kind of fixed income boats when it comes to interest rates. So really, this is going to be a problem for everyone if yields do increase at the short end of the curve even further. I think there's potentially a kind of source of volatility here, which is the flood of new issuance and the treasury market. People are selling other stuff to buy it, perhaps, or moving their money out of bank deposits to buy it. Remember, that's the other destabilizing factor, which caused a lot of these bank runs.
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