Without a doubt, the financial news media is a well oiled machine. If you wanted everyone to sell treasuries what would you do? Try the following news headlines.
Worst period in a decade
US Treasuries are bid-less
10Y highest yield since 2002
30Y yield is highest since 2004
Bessent considering increased Treasury buybacks
In the meantime, if you review the 2018 Dow chart and 2026 Dow chart you will find a striking resemblance. Between mid-March and October in both charts a similar pattern emerges. There is a high probability we will have to wait until December to see the end result.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
