have been under pressure for 2 weeks. Big Ben needs to bring down rates fast. Best way-drive down stocks> force money into bonds and the dollarbingo rates stay low. He could care less about the stock market. If bonds crash he has big time problems.
The Treasury Complex is on a higher plateau of importance than stocks and commodities, to wit both (stocks-commodities) will be thrown overboard if interest rate risk premiums start rising rapidly.Treasuries had a big move this morning and look poised to head to new highs in price-lows in yield.