Thursday, June 23, 2016

Ten year yield: 1.53

The yield goes down as the British leave vote goes up.  Traders exiting stock and grabbing treasuries.  The British pound is getting reset lower in value, so we get a periopd of price distortion.


This is a regime change for Britain, no one knows for sure who wins and loses.  Watch events, when the Swamp does its helicopter drops, we will see the same uncertainty.

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