The Race to Pristine Collateral

Long Duration Bonds

There are not many who speak about bonds. Which is understandable. They are not exciting or volatile. They are typically steady Eddie investments that older generations invest in. Yet today they can be your view into what is coming next.

The Yield Curve

The “Smart Money” is looking for a place to put their cash that is safe, liquid and paying better then a checking or savings account.

10yr US Treasury Yield keeps moving lower as of this morning while the 2yr Treasury Yield moves higher inverting the Yield curve further.

Futures are Up this Morning. But…

US stock Futures are up this morning. Yet nothing economically has gotten better. As we head into earning season, I’m anticipating corporate earnings will disappoint based on a year over year view. Quarter over Quarter earnings are expect to be disappointing as well, but taking a longer term look give us a real sense of what the over all MACRO landscape truly looks like.

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