No, this is the fed warning Biden he has to quit.
Biden proves to be cognitively impaired > doesn't drop out of the raise > bond yields rise as people lose confidence in US > yen breaks out > BoJ forced to sell bonds > yields go higher
Are we in a bond doom loop right now?
https://www.tftc.io/biden-creates-cascading-fall-in-demand-for-us-treasuries/
Discussion
I mean previously they stepped in to halt jpn selling us treasures. This time they delay taking action. The result is the message.