The rate cut boosts bank profits but fails to lower mortgage rates, while the US 30-year and 3-month yield spread edges up.

twitter.com/RJRCapital/status/1836734007062470665

US 30 Yr minus the 3-month pic.twitter.com/f1UqwiYV2Z

— Michael J. Kramer (@MichaelMOTTCM) September 19, 2024

twitter.com/RJRCapital/status/1836735432463102043

hedge funds starting to hedge with short bonds ETFs

Macro furus long bonds in shambles

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 19, 2024

Cuts ✂️ & Returns 📉 📈 pic.twitter.com/x4wS2qdlNp

— Win Smart, CFA (@WinfieldSmart) September 19, 2024