Fed Over-Tightening: How Much Buffer Remains Before Risks Emerge

This article is written by Lance Roberts and republished via ZeroHedge. It analyzes that after the Fed raised rates to 3.75%-4.00% in September, the 10-year U.S. Treasury yield has risen to 5.3%, the highest since 2007. The author argues that long-end rates are already tightening spontaneously, and each subsequent rate hike will amplify the risk of over-tightening.