Yield Shock! Why It’s Not Priced-In

In the wee hours this AM, the 10-year UST nearly kissed 3.12%. That happens to be a 69% increase from the average rate of 1.84% posted during CY 2016. We offer these specific data points because they provide a striking (and obvious) refutation of the current Wall Street noise track. That is, the talking head refrain on bubble […]
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