Fed Yield Curve Control Coming Soon?
Treasury will issue approximately $2 Trillion at FYE to cover the FY '25 deficit. That will put upward pressure on the 10-YR Treasury yield and yields in general. How much longer before Powell intervenes with the Fed's next round of yield curve control? Hopefully never. Yet, I fear Fed intervention is coming soon. Perhaps at the May FOMC meeting. Perhaps sooner.
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