[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Jurrien Timmer [@TimmerFidelity](/creator/twitter/TimmerFidelity) on x 202K followers Created: 2025-07-16 18:32:00 UTC Bonds continue to churn in a narrow range, and I am pleasantly surprised that yields haven’t already moved above 4.5%. Nothing good happens above 4.5%. The term premium has reverted from its -XXX bps financial repression extreme in 2020 to a much more reasonable +83 bps. Whether it keeps rising will likely depend not only on inflation but also the debt composition of the OBBB. We will find out more soon when the quarterly refunding announcement is released.  XXXXXX engagements  **Related Topics** [debt](/topic/debt) [inflation](/topic/inflation) [Post Link](https://x.com/TimmerFidelity/status/1945552010792612328)
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Jurrien Timmer @TimmerFidelity on x 202K followers
Created: 2025-07-16 18:32:00 UTC
Bonds continue to churn in a narrow range, and I am pleasantly surprised that yields haven’t already moved above 4.5%. Nothing good happens above 4.5%. The term premium has reverted from its -XXX bps financial repression extreme in 2020 to a much more reasonable +83 bps. Whether it keeps rising will likely depend not only on inflation but also the debt composition of the OBBB. We will find out more soon when the quarterly refunding announcement is released.
XXXXXX engagements
