2+3 will happen. Export inflation thru stablecoins. Not abandoning dollar tho.
Long bonds have asymmetry due to passive buying mechanics… and yes due to the power of forcing commercial banks to buy them.
When they start lowering benchmark rates watch out. When they issue lower rate long end it sets off a chain reaction.
Thats why i like a tranche of RFIX with my gold/btc as my “risk”. Not financial advice.