IVOL Update: The Issuance Issue Quadratic Interest Rate Volatility and Inflation Hedge ETF remains ...

IVOL Update: The Issuance Issue Quadratic Interest Rate Volatility and Inflation Hedge ETF remains my top curve steepener expression, managed by Nancy Davis, a standout in rate derivatives. Massive AI-driven capital expenditure and resulting long-duration issuance suggest sustained upward pressure on 10-year yields, limiting curve normalization. Fed policy under Warsh is likely to avoid curve manipulation or QE, with trimmed-mean PCE data signaling less inflationary pressure than headline/core PCE.