What to Expect From the Fed Today

The video discusses the US 10-year Treasury and the Federal Reserve's influence on interest rates. It covers the Fed's strategy to reduce its balance sheet using rate hikes and asset runoff, and the potential impact on the Treasury market. The discussion also includes the effectiveness of the Fed's forward guidance and its reception by the market.

What potential impact could the Treasury Department's actions have on the bond market?

What does the text suggest about the believability of the Fed's forward guidance?