The five-year U.S. Treasury bonds are ridiculously expensive! Is Wall Street betting that Trump can walk Powell like a dog?

Damn! The value of the five-year U.S. Treasury bond has skyrocketed recently, even the elite guys at Goldman Sachs in their custom suits are shocked—except for that dark moment when the Federal Reserve was begging for mercy and slammed interest rates to zero, this thing has never been so precious! What the hell is this "butterfly spread" that calculated a terrifying number: negative 100 basis points! This is like hitting three sixes in a row at the casino, it's downright eerie!

What are these Wall Street wolves betting on? It's obvious: they're betting that the Federal Reserve is about to back down and lower interest rates, and they’ll do it on their knees and with a lot of bloodletting! The five-year bond is stuck in a position that’s neither here nor there, just right to be used as a meat ticket for betting on short-term trends. On the other side, the thirty-year long bonds are being rubbed into the ground by the hungry wolf of inflation and the U.S. government's prodigal spending, with interest rates stubbornly refusing to come down. With one side going up and the other going down, the five-year bond is all of a sudden as expensive as a sucker?

What's even more disgusting is that behind this situation stands a golden-haired madman. Trump shouts at Powell every day with a loudspeaker, insisting on cutting interest rates to a coffin price of 1%! The Federal Reserve is playing dead now, but the market gamblers can't hold back anymore—they are betting wildly on the fact that after Trump returns to the White House, he will point a gun at the Federal Reserve's head and force it to open the floodgates in 2025! Look at the numbers, it's so stark: the five-year interest rate has plummeted by 60 points from the end of last year to now, while the thirty-year bond remains stagnant; this price difference is the market pre-purchasing tickets for this political melodrama!

Nonsense! It's all nonsense! How can the U.S. economy deserve such a crazy fantasy of rate cuts? Prices are rising to the point where the common people are in pain, and the government is in debt enough to fill the Pacific Ocean, while there's a group of hawks in the Federal Reserve keeping watch! These people have been turned into fools by political dog whistles, economic reality? It's already been thrown in the trash!

The most intolerable thing is to dig up the grave of central bank independence! Trump and his gang want to treat the Federal Reserve as a cash machine and a urinal. If they succeed, the dollar's golden reputation will be smashed to pieces! Throughout history, which political thugs that violated monetary policy haven't caused an inflation tsunami or a market collapse? The absurdly high price of five-year bonds now is just a financial sore created by politicians boasting!

The foxes in Oxford shoes on Wall Street don’t understand risk? Nonsense! They know very well, but they pretend to be blind and secretly pour gasoline on the fire. Why? They are just trying to trap the slow-witted retail investors and the pension funds of ordinary people! When the bubble bursts, the big shots have already cashed out and run off to the Caribbean to sunbathe, leaving the retail investors holding the burnt five-year bonds, crying for help—this is what you call a financial market? It's simply a slaughterhouse for legal robbery!

The bizarre price of the five-year U.S. Treasury is a seizure of the financial system. It screams three things: the market is daydreaming! Politicians are playing tricks! Economic laws are being used as doormats! As gamblers celebrate Trump's interest rate cuts under the influence of drugs, as the Federal Reserve's belt is publicly pulled by politicians, as digital games crush the real world — the avalanche's explosives have already been stuffed into the vault door of Wall Street!

I just want to ask: once the political stimulus wears off and the economic iron fist shatters the dream of interest rate cuts, will the five-year bonds that are currently being praised be the first to blow retail investors' capital into the sky?