Such Fragility, Not Italy

By |2018-05-29T16:11:16-04:00May 29th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It’s not quite yet on the level of October 15, 2014, but it’s not really that far off, either. What made the prior episode three and a half years ago unique was the condensed timeframe, as well as how far UST yields fell. Today has been a far steadier “flight to safety”, meaning the same thing just spread out over [...]