Our own national team doing fine work in giving us a Friday boost.
The week cost us four point in slope,, leaving us at 3-04 points.
The congestion peak on the treasury curve is almost at the three month point, shorter term debt is piling up waiting for Congress to agree to a humongous debt limit hike. This is a congested market, not a complete market. Then to compound it we are at generational transfer, we we will have a chunk of liquidity on the sidelines ready to bet the new deal.
Usual crap, and it should be fun, a point of renewal and a bit of humor as the millennials screw up.
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