The Fed Hiked on Bad Data. Now Rates Are at a 24-Year High | News Block — Key Takeaways
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The Fed Hiked on Bad Data. Now Rates Are at a 24-Year High | News Block
Natalie Brunell7mOct 5, 2026
Watch the originalThe Treasury's bond buybacks are failing to lower yields (10-year still above 5.2%), signaling a confidence crisis in U.S. debt — the exact scenario Bitcoin was designed for.
Key takeaways
Fed hiked on 60,000 jobs that were revised out of existence
Fed hiked on 60,000 jobs that were revised out of existence
- August jobs cut from 162k to 133k; July revised to an outright loss
- Fed raised rates on data it now knows was wrong, worsening a real economy where wages trail inflation
Treasury buybacks failing to suppress yields signals a confidence problem, not liquidity
Treasury buybacks failing to suppress yields signals a confidence problem, not liquidity
- 10-year yield stayed above 5.2% despite $6B buyback; 30-year mortgage hit 7.3%
- Prudential bond chief called it price management; Druckenmiller said it was a big mistake
A sovereign wealth fund sold gold to buy Bitcoin during the 50% drawdown
A sovereign wealth fund sold gold to buy Bitcoin during the 50% drawdown
- Bitwise survey of 15 large institutions found zero sold during the drop
- One unnamed sovereign fund paid for Bitcoin by selling gold and FX reserves
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In this video
- 1mIntro
- 1mThe Jobs Report Boxed In the Fed
- 2mThe Treasury Buyback Machine Is Running
- 3mLedn
- 4mThe SEC Keeps Building, Loses Hester Peirce
- 6mWall Street's New Bitcoin Numbers
“A regulator's job is to protect people's freedom to make their own choices inside sensible guardrails.”
— Hester Peirce
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