Thursday, March 2, 2017

Channeling Yields

Stand up in a clear blue morning
Until you see what can be
Alone in a cold day dawning
Are you still free?
Can you be?
--Steve Winwood

While stocks party, Ten Year yields have quietly crept back to the top of the multi-month channel.

As noted previously, a decisive break higher creates a big wind in the face of both stocks and the economy at large.

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