Inflation now forecasted to hit 5%. Mortgages, credit cards, auto loans and business borrowing costs are all about to get even more expensive.

US Treasuries dump hard, yields smash 2007 highs and climb toward 5 percent…

Bond vigilantes force inflation forecast straight to 5 percent nightmare…

Fed cornered into July rate hike or lose total control of the debt disaster…




The Fed will have to raise interest rates in July to appease ‘bond vigilantes,’ Yardeni says

  • Not only does the market not believe the Fed will cut, but odds also are rising for a hike, with current pricing implying a 42% chance of an increase by the end of the year.
  • “The Fed must catch up to the bond market to avoid losing control of borrowing costs and to appease the Bond Vigilantes,” Ed Yardeni, the head of Yardeni Research, wrote Monday.