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The Fed's Dis-Disinflate
The average recession sees a 10-year treasury drop 225 to 250 basis points. At most, we're looking at that 10-year going from 430 where it peaked last year,. maybe down to a 320 to 3%. This is really important stuff. What we're discussing here is ultimately how the bond market is going to be high even what you've described and I'll put a name on it: tax-flation reward.