Are the Winds of Change Turning into Gale Warnings?
For the first six weeks of 2023, volatility in the money and bond markets took center stage, with a full year’s rally occurring in only about one month’s timeframe. However, over the past two weeks, UST yields have completely reversed course. During this week’s episode of the Basis Points podcast, Kevin Flanagan discusses the dramatic shift in the market’s narrative.
Basis Point: 1/100th of 1 percent.
The skinny
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