DSU - Market Clings To Support
Over the last couple of weeks, as interest rates surged above 3%, we explored the question of whether something had "just broken" in the market.
This is an important question given the current stance by the Fed appears to be considerably hawkish as noted by the recent minutes:
A Number of Officials Saw Need to Hike Above Long-Run Level
"A few participants expected that policy would need to become modestly restrictive for a time and a number judged that it would be necessary