I don't have much to add. My thoughts on today's action are that the bond is playing catch up to all the negative rate news. Lets see it was Greenspan, PPI, S. Korea, and new commodity highs with the long bond still yielding 4.64% this morning. I don't see anything in particular that drove the action today.
Stocks are left sorting out what is going on in the world and whether we will see stagflation or inflation.
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