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adam_arthur a day ago

30y is keyed to inflation expectations.

If fed hiked to 5% tomorrow, 30y would invert and yield would go down.

It's not as simple as hikes lead to higher 30y yields.

vannevar a day ago | parent [-]

It's not all inflation expectations, either. The dollar has been strong lately due to elevated oil prices---countries that are short need extra dollars to buy oil, so they often liquidate treasuries to get them.