pumping is already hitting it's limit. Inflation is up huge. double digit gains in commodities over last 12 months. This is part of what is forcing the yield on the 10 year up off of dead lows because it has to be greater than inflation.
So, crash, then pump, pump leads to more inflation which leads to greater yield on the 10 year bond which crashes the market. The 10 year was already at 35 basis points last year and can't go any lower. It can only go up.
pumping is already hitting it's limit. Inflation is up huge. double digit gains in commodities over last 12 months. This is part of what is forcing the yield on the 10 year up off of dead lows because it has to be greater than inflation.
So, crash, then pump, pump leads to more inflation which leads to greater yield on the 10 year bond which crashes the market. The 10 year was already at 35 basis points last year and can't go any lower. It can only go up.