28 October 2020

Mr. Market Gets Phat

ex-President AuH2O 2020 continues to bray about how Mr. Market is his lodestar for the economy. Not that he's done much to support the real economy.

Today (9:44) brings this from briefing.com
Longer-dated Treasuries are up for the fourth straight session in a flight-to-safety trade, while shorter-dated maturities remain anchored by the Fed. The 2-yr yield is flat at 0.15%, and the 10-yr yield is down 0.76%. The U.S. Dollar Index is up 0.6% to 93.47.
Even if Powell and his immedicate predecessors have/had moved 'the' interest rate to near zero, Mr. Market has done so on his own.

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