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The Calm Before The Storm With Michael Kramer

Lead-Lag Live

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Long Duration Treasuries and Equities

This is the first time in history in a major drawdown for stocks where treasuries have lost more money than stocks, even when you include the 70s. So I tend to still think that what's happening is that the bond market is still not fully convinced that we may have an inflation problem. And so that's why you're not really seeing yields respond on the long end of the curve.

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