
Of Bonds And Bernie
For the second consecutive day, bonds rallied and a strong auction result suggested the Treasury sel

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the resteepending of the yld curve back in sept/oct 2019, indicated a recession was otw, virus or not. we are now IN a recession and the yld curve is steepening further as is customary…..10-2 spread peaks just after recession is over. so figure peak at 1.255 on the 10yr….then sideways for the stagflation.
Bernie’s going to have a better job than he would have had if he had been our next president.