Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Just to quickly review what The Bond Market thought about last week's market moves and the #Quad3 Stagflation data: A) Short-End of The Curve (i.e. Fed Policy) ramped +14 basis points last week to 5.08% on the UST 2yr Is minus -84bps (basis points) bearish? A: Yes. |