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Super Brief: The 30-Year Tells the Truth While the Fed Tells a Story — Super Brief
Published 1 month, 1 week ago
Description
The 30-Year Tells the Truth While the Fed Tells a Story. The 30-year Treasury touched 5.10% intraday Friday. The last time the long end traded at that level, George W. Bush was president. Kevin Warsh was sworn in as Fed Chair the same afternoon, on a mandate to cut. Since the Fed began cutting in September 2024, it has delivered 175 basis points of cuts.