Good morning … 5yy and 7yy auctions both in rear-view mirror and long end USTs got clubbed on Wednesday along with BIG tech’s MAG7 … Seems as thought that was just a passing fancy as rates went back down ‘bout as much as they went UP — markets declared a mulligan?
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while WE slept: USTs rangebound ahead of PCE…
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Good morning … 5yy and 7yy auctions both in rear-view mirror and long end USTs got clubbed on Wednesday along with BIG tech’s MAG7 … Seems as thought that was just a passing fancy as rates went back down ‘bout as much as they went UP — markets declared a mulligan?