Q2 has been one of the best quarters for stocks going all the way back to the dot com boom, even after the 4-5% pullback in June. This has created a massive quarter-end rebalancing need among money managers and we've seen that random volatility play out in both stocks and bonds over the past few weeks. As the quarter wraps up in the next 3 business days, this could continue to drive volatility, but hopefully/probably less than it did earlier this week. Bonds are starting out roughly unchanged and have little else to focus on thanks to an uneventful economic calendar.
More War-Related Weakness, But With a Supportive Bounce
More War-Related Weakness, But With a Supportive Bounce
Bonds officially closed at the highest yields in more than a month. At one point just before the noon hour, the 10yr was just over 4.59, but ultimately mo…