They can't harvest quality assets at all; the outside US Dollar will be the first to complete a bottom-fishing.
So they will urgently raise interest rates next March.
Although in March they only raised rates by 25 basis points, that was just a test.
The result is... it's useless! The US Dollar hasn't flowed back much.
So, to prevent global quality assets from being bottom-fished by others, they directly raised rates by 50 basis points in May and then turned around and increased by 75 basis points in June.
In July, likewise, they raised by 75 basis points, in September and December, they again increased by 50 basis points each.
Over the year, the total interest rate hike was 325 basis points.
The US Bonds' coupon rate was directly lifted from 1.25% to 4.5%, the difference in interest rates here is terrifying.
The same US Bonds, whether bought in 2021 or now, even if calculated over nine years, a face value of one hundred US Dollars made a difference of thirty Dollars.
