The Big Yawn
The big drama last week was the tax deal. Looks like we have another two years of the same tax regime. The markets should have rallied sharply on the news, but they didn’t. As with most “sure things” the market [...]
The big drama last week was the tax deal. Looks like we have another two years of the same tax regime. The markets should have rallied sharply on the news, but they didn’t. As with most “sure things” the market [...]
The 10-year Treasury bond hovered around 4% recently, and the 30-year bond is trading within a couple-dozen basis points of 5%. What inflation? A year ago, people were flocking to the safety of negative returns on short term paper to [...]