Make Your Move

"It seems to me that if there were any logic to our language, trust would be a four letter word."
--Joel Goodson (Risky Business)

Is risk appetite returning to the marketplace? Judging from the upward trend in short term T-bill yields, perhaps very slowly.

Yields aren't exactly screaming higher. Heck, currently the 3 month yields only .3%. But that's nearly triple the rate of a month ago.

This series remains one of my faves for monitoring risk appetite. Based on current levels, it's hard to argue that risk appetite is anywhere near normal.

But keep half an eye on the trend.

position in T-bills