The Fed Raising Rates Is Flashing Red for Economic Problems

The bond market is not really reacting to thinflation numbers any more at the long end. In fact, today's post pawl bon market action is very recessionary looking. We have that moment tat i talked about in past appearances. Its it's here now, that moment where we have the fed raising rates and the short end reacts to it. Rates on the two year treasury are up about the five basis points to day, but the long end actually rallies. The long terratory rates are down eight basis points to ay. And so now we've arrived at that moment of the ill curve that is truly flashing red for economic problems.