Are the Germans being penalized for losing their leadership status, in light of the Le Pen surge in recent polls or are yields dropping again as a sign of risk off?
With markets ripping to new record highs, this is a curious divergence and worthy of inspection.
U.S. 10yr has soared from 1.75% to 2.30% since Election Day.
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The Captain’s quarter with its king size bed, mini-bar, jacuzzi, strip pole and free complimentary Netflix is now available on the Ark.
Back on the Ark as of yesterday………