So the bond vigilantes threw a party and sold off, spiking yields across the board 1.44% on the day, throwing down the gauntlet at Warsh, daring him to cut in the face of all the chaos Trump is causing.
The 20-year soared to 5.14%.
Yields are up 2.8% in the aggregate since the beginning of the month.
6% inflation is knocking on the door.
Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
