So who are the beneficiaries when stocks perform the sort of high-diving act they did yesterday? Just what you’d expect…
Remember all that talk about the 10-year Treasury yield breaching 4%? That was so last month. This morning, the benchmark note sports a yield of 3.43%. A 30-year fixed mortgage can be had for almost 5% again.
The dollar index, for its part, is just a breath away from 85, near Panic of ’08 highs.
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