BONDS! The global bond market is repricing faster than Travis Scott tickets as a confluence of factors creates a crazy mismatch between supply and demand for fixed income securities. Some of the most popular explanations for the bond selloff: Everyone was calling for a recession and US growth is printing 6%ish for Q3. Rarely has the market been so wrong for so long on the trajectory of the US economy. Initial Claims below 200k this week, the US jobs market remains robust, and the student loan restart and government shutdown were just figments of your imagination. Supply / issuance. The US government is spending a ton ... (full story)