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The Fed Is Going to Have to Deal With a Failtreasury Auction
The thing that's going to push the Fed is going to be a failed treasury auction. So what that means is people are just going to capitulate and say, well, I still own treasuries here. And so we'll go down another 20% from here based on what I'm looking at in the bond markets based on rates. Even if we go up another call it 100, 125 basis points this year, there's going to been a point that probably won't be until 2024 Q1 or even later"