Morning Note - May 6, 2021
*Good Morning!*
Futures are up small so far this am as interest rates move lower. The 10-yr is down to 1.566% which is helping the tech trade out. Five year breakevens are now above 2.7% which is pushing real yields to a 52-wk low. That's a positive for tech and gold. Commodities higher, US dollar lower, but energy lower too.
ADP missed but still added ~2…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.