About three dollars above its recently stable value at $55.
My envelope calculator calls that a spurt of inflation above 2%. The pushes up the yields on bonds, that is more than the primary dealers can manage in terms of volatility on government debt service. Normally no problem, stocks prematurely rise while long rates are pushed down. The normal deal. Each time is a bit of a thrill. I always wonder what happens if it doesn't work.
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