pup on Nostr: I was less concerned with it as a return, more just found it interesting in terms of ...

I was less concerned with it as a return, more just found it interesting in terms of bond market behavior in light of the Treasury's recent attempts to intervene in the market by increasing their long-end buybacks.

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nevent1q…2vw9

Just the general state of the bond market, and how largely unfazed it seems by Bessent's attempts to intervene.

It's not entirely surprising given the fiscal, inflationary, and geopolitical pressures making Treasuries less attractive, but it's still interesting watching the backbone of the global financial system come under increasing pressure as some major holders gradually diversify away from dollar assets.

Nothing stops this train.