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TBNG_OKX
#USTreasuryYieldsClimb The Fed may pause, but borrowers aren't getting much relief 👀
10Y yields are near 5.3%, 30Y above 5.6%, and CCC credit spreads just crossed 1,000bp for the first time since the 2023 banking stress.
What caught my attention is the split: markets see lower odds of an Oct hike, yet long-term borrowing costs keep climbing.
That's a warning worth watching. The Fed can pause short rates, but it can't force investors to lend cheaply for 10 or 30 years.
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