The ten year bond tends to move in three waves and has been trading in a rising wedge since 2000.
Once the trendline is broken it usually returns to the point of origin. Which on this instance would be 93.00 in 2000.
The Fed Funds rate at that time was between 6 and 7 percent
Not only will BNPL face rising funding costs but households will struggle to meet non-discretionaru spending which will in turn leave very little for discretionary spending which is the life blood of BNPL
Daily Price Movement / General Discussion, page-30966
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