Yield Hunting Newsletter November 2024 | The Melt Up Continues... But For How Long?

Summary

• Markets saw some volatlity this month with treasuries down 5.6% thanks to higher yields, SPY +1.1%, and Gold +5.9%.

• The jobs report on Friday will likely arrest the rate rise and allow us to go long duration again.  Yields have likely peaked for this interim cycle .

• The economy is still slowing which should be a drag on rates but new supply is over…