David Zervos
@DavidZervosDC
Counselor to the US Secretary of the Treasury —— (The opinions shared here are my own and do not necessarily reflect those of the US Treasury Department)
参加 May 2011
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On Oct 1 the S&P500 closed at 7666 with 10yr yields at 5.24%. Today the S&P500 closed at 7663 with 10yr yields at 4.95%. Attributing the sharp yield moves of late to “risk-off” price action seems highly disingenuous - especially when the S&P500 sits a mere 1.5% below its record highs.
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