A market event is coming in Treasuries

14 ก.พ. 2021

The Fed will not be able to do anything (and they never did). They pretended that they controlled the rates, which was a very convenient lie for 40 years: the rates were grinding lower no matter what, and everybody was happy anyways: the public was happy to know that the Fed is in charge, the folks at the Fed were happy to have their paychecks for doing not too much, except occasionally giving speeches for extra hundreds of k$.