US Government Bonds 10YR Yeld (TXN)
We can bet that there will be a recession before 2024. The reverse repo agreements of the Fed surges to all-time highs in 2021, with those financial firms parking more than $ 1 trillion in funds at the Fed since August. Isn't that related to Evergrande's failure? The first signs began right towards May/June. Evergrande has not paid interest on maturing dollar bonds and, probably, someone was forced to sell the family silverware or government bonds to create liquidity, strictly in dollars. I make a random name: China?
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