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@charliebilello's two worst assets of 2026, BTC and gold, fit a real-yield shock. Oil is +77% YTD, yet the bond market's 10y inflation expectations rose just 0.09pt. The 10y yield's 0.82pt rise is nearly all real. Why it matters: watch real yields at Wednesday's Fed, not oil. https://t.co/jVqWsRt39w

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