Stock Talk(@stocktalkweekly):Regardless of your geopolitical opinion about the war in Iran, there is zero question that it has been the most acute contributor to higher real rates this year. The Fed hasn't hiked, and yet the 2-Year yield is nearly a full percentage point higher, and yields are up materially across the curve. Rather calling on Bessent and the Treasury to intervene at the long-end with buybacks (which would only be a short-term solution, and would set a dangerous precedent for bond market interference), the White House needs to recognize that ending the war in Iran is the only easily accessible kill-switch for bond vigilante enthusiasm, and is of paramount importance to sustainably reverse the direction of yields/rates.

2026.08.28 19:03

Regardless of your geopolitical opinion about the war in Iran, there is zero question that it has been the most acute contributor to higher real rates this year. The Fed hasn't hiked, and yet the 2-Year yield is nearly a full percentage point higher, and yields are up materially across the curve. Rather calling on Bessent and the Treasury to intervene at the long-end with buybacks (which would only be a short-term solution, and would set a dangerous precedent for bond market interference), the White House needs to recognize that ending the war in Iran is the only easily accessible kill-switch for bond vigilante enthusiasm, and is of paramount importance to sustainably reverse the direction of yields/rates.

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