Rates are sure getting steep all of a sudden. It feels like something is about to break. I think some parts of the market are going to get killed while other parts are going to do really well.
The Fed had some financial plumbing trouble today. System for interbank transfers had a glitch of some sort. Perhaps the money printer blew a breaker?
https://www.google.ca/amp/s/ca.finan...202209649.html