Listen to the audio version of this article (generated by AI).
Checking in on the bond market… Washington’s $4 billion bandaid… why the vigilantes are furious at Warsh… Luke Lango’s 5% line in the sand… the number Yardeni is watching
As I write on Wednesday, the bond market just got rescued…for the moment.
Yesterday, the 30-year Treasury yield touched 5.33% – a 19-year high. The “Bond Vigilantes” were in open revolt, and the question was how much higher they’d push before something in the stock market broke.
This morning, the Treasury blinked.
