China Deal: So What?
The market rallied mightily. But now it’s done. 100% of the rally has been laid waste, and no facts about the meaningless “deal” have changed.
Rates Spark: The Drama Is In The Plumbing
Treasuries are treading water, and really should have performed better on a risk-off Tuesday. But the 10yr seems content at above 4% for now. The 2yr has more open road to trek back down to 3.5%.
