The Malignant Roots Of Monday Madness

The 10-year UST yield hit 1.03% this AM, and that’s downright ludicrous. After all, the core CPI inflation rate posted at 2.27% in January, meaning that the most fiscally profligate government in modern times gets to borrow long-term funds at negative 124 basis points in real terms. Obviously, something is haywire, but it’s not what […]
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