The Fed seem to be making progress with its messaging and policy settings that inflation will be beaten back to its target range. This will become a very major issue if the House Republicans continue to block a resolution to their debt-limit standoff. This intransigence could go horribly wrong, although we have been here many times before, and the [artificial] limit always seems to get raised. The UST 10yr yield starts today at 3.52%, and up +8 bps from yesterday. The bitcoin price is lower today, now at US$27,812 and down another -3.9% from this time yesterday.

Source: Stuff May 08, 2023 22:38 UTC