Quick one from Peter Boockvar, the bond market isn’t biting on the phase one hype…
Like I’ve said in the past, I wish the 10 yr Treasury yield could speak to us and say what they’re thinking about the growth story because the yield just sits there and does nothing in light of this trade deal. On December 11th, the day before the deal was announced the 10 yr yield was at 1.79%. The next day upon the news, it jumped 10 bps to 1.89%. Today it’s at 1.78%.
Read the most hilarious part of the trade deal here:
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