Diary Week 68: Less Is More
That is not really a fancy title for this week's diary but more a reflection that in markets at this point it might be a good time to step back and "smell the roses"
We are heading into Thanksgiving week. It has been a long year and a very "choppy" three or four weeks.
Yields have moved a long way since mid-September and while I think they will likely move higher again (watching 109 on TY1, 4.47-4.48% on the US 10-year yield and 4.40-4.41% on the US 2-year yield) the next move needs a catalyst.
Read the full piece at the link below