No point in wasting time/words on analysis when cause and effect remains so simple. After news regarding potential progress is peace negotiations, an overnight drop in oil prices coincided perfectly with a drop in Treasury yields. The end.
Some Pros and Cons in Today’s Weakness
Some Pros and Cons in Today’s Weakness
Bonds lost ground today, but it wasn’t necessarily an unequivocally bad day. Yields were close to yesterday’s lows just before this morning’s PCE data came out and only mo…