from 6 rate cuts late last year, to rising rates since Jan ...!

 20year auction was a disaster YD & so was the minutes, but the AI craze is keeping the market strong

while mortgage rates around 7% range

Nikkei makes a new high; crossing its last high made in mid-1989, Japan owned Rockefeller center & Pebble Beach in US; the property bubble got burst by end of 1989 & took 3 decades of disinflation to come out