What's Going On?!
I thought yields were meant to be at like 3% by now?!
I thought we were meant to be praising the bond vigilantes for being right?
I thought that we were meant to see a treasury yield curve steeper than Everest?!
I'm going to outline why I think we are in this current regime (nothing has changed, by the way) and where we're headed next, since I think it's pretty important to highlight for future reference.
Where have we come from?
Let's go back to the start of the year.
I'd sent you these two articles, outlining