Good Morning! Futures are up sharply with the S&P slated to open up nearly 2.0% after a strong move on Monday. Bond yields are up across the curve with commodities mostly lower. The 10-yr yield is back above 4.0%. Fedspeak starts today with Kashkari and Bostic possibly giving headlines. We have data on industrial production and the housing index today.
I don't understand the quote on "Don't chase duration" seems contradictory, and then they throw in yield at the bottom. Strange paragraph to me, I dont understand.
I am adding to my duration because I want to lock in good yields before we go into a recession and yields drop.
I don't understand the quote on "Don't chase duration" seems contradictory, and then they throw in yield at the bottom. Strange paragraph to me, I dont understand.
I am adding to my duration because I want to lock in good yields before we go into a recession and yields drop.