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High Time for High-Yield Bonds - 6% Yields

Daily Recap

Kind of a quiet day again today in Europe and the US, after positive market moves in the major Asian exchanges. The STOXX 600 gained 0.33%, and the Global Dow Index was a mere 0.08% higher. In the US, concern hasn't abated regarding the new president's mercurial nature, and also his ability to get tax cuts in this year. With even a moderate number in his own (nominal) party unsure of some of his proposals, questions remain about Trump's ability to get things through Congress. 

Bonds rallied again today, and the US 10-year T-note fell to a 2.357% yield, close to two-month lows.  As the following chart shows, yields are stuck in a sideways pattern following the November/December rise in rates. A break above the maroon line should mean higher yields ahead; a break below the blue line should bring us lower rates and the further rally in bonds we ... Log in or subscribe to continue reading.

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