patrick.net

Logan Mohtashami says

All Together Say Good-Bye to ZIRP

Ironman says

To be replaced by NIRP.

Whew. What a relief.

Above 50% was rare in this cycle, in fact it never happened

However, tracking the dollar, 6 month, 1's 2's and 5's they were telling you the rate hike was coming.

However for me it was always 2's over 0.80%, that has to hold into December

The derivatives would destroy everything if they raised rates. They are not going to touch rates. Even without derivatives, the interest payments on the national debt would get so ridiculous if they raised rates that it would cause hyperinflation, which is what happens when interest payments exceed 8 pct of gdp.

Here is the key metric to show rate hike is coming, it's the 2 year note

Not to mention the dollar has already had it's strong run, like it usually does in history, the dollar makes it's biggest move before the first rate hike

narrator says

They are not going to touch rates. Even without derivatives, the interest payments on the national debt would get so ridiculous if they raised rates that it would cause hyperinflation, which is what happens when interest payments exceed 8 pct of gdp.

The Federal Reserve doesn't set interest rates on US debt.