Why is that reliable inflation indicator, the U.S. 10-year bond yield, dropping like a stone … while the latest Consumer Price Index is on fire … rising 5% year-on-year … the hottest inflation since 2008?
My reading of the tea leaves is: Perspicacious bond traders now don’t believe Biden is going to be able to enact his insane spending plans.
I hope they’re right.
STAND UP FOR AMERICA!
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