Tuesday, October 19, 2021

Ten years yield 1.64

A seldom seen top to Treasury.

My prediction that oil would hold at 75 was good for two months.  

The dollar seems happy, according to last week. 

Higher oil prices and higher yields make life difficult for government. Consumer slows and  taxes drop while interest expense rises. I have a hard time mixing debt limit, taper, and oil in the same mix. Even a stable dollar now has an insurance premium overseas.

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