Bond Yield Spike and Jackson Hole

30-year Treasury at 5.327%, 10-year near 4.7%. Kevin Warsh's Jackson Hole speech is expected to address term premium and global rates. New analysis discusses BEV and Treasury manipulation attempt, presenting a bearish take that challenges the neutral-to-bullish stance. Treasury announced doubling buybacks to fight the yield spike. Oil prices dropped ahead of Bessent press conference on Iran sanctions. Inflation remains elevated but easing. Bond volatility options pricing low despite yield risk, adding nuance to the catalyst.