
The Kobeissi Letter|May 21, 2025 19:24
What a move:
The 30Y Note Yield just hit 5.09% for the first time since November 2023.
Keep in mind, the Fed HIKED rates 4 times in 2023.
Prior to then, the last time the 30Y Note Yield was this high was in July 2007.
Keep watching the bond market.
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