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I research, write, code, and run Pattern Nexus. Your support helps pay for hosting, data, research tools, and continued site development while keeping most research freely available. If this work has been useful to you, even $5 helps fund what comes next.

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QE 2026, Phase Two: When the Long End Forces Duration Control

The Fed already ended QT and expanded Treasury holdings through bill-focused reserve-management purchases, but that repaired the reserve layer without suppressing the long end. With the 10-year Treasury at 4.95%, the 30-year at 5.37%, real long yields near th…

Policy Watch — Fed, Treasury & CBs (🏛️📜)
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