The Basis Trade: Is The Bond Market Signal Distorted?
🔎 At a Glance The Basis Trade: Is The Bond Market Signal Distorted? Market Brief & Technical Review From Lance's Desk: Normal Interest Rates: What The Debt Panic Gets Wrong - RIA Market stats, screens, and risk indicators 🏛️ Market Brief - A Bond Scare The week belonged to the bond market. Long-dated Treasury yields spiked to levels not seen in decades, with the 30-year touching a 19-year high above 5.30% mid-week and the 10-year closing Friday at 4.738%, near a 20-month high. Those seem to be really scary numbers, but as discussed on Friday, this is just a return to normalcy after 15…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.