Reading the Fed Tea Leaves
What Goes Up
00:00
Is It Time to Buy Another Five Billion?
We came into the air under weight fixed income, underweight equities, no tak long rates, sorry, long on real assets. We saw he big rate back up at two and a half % ten years we thought, you know, ah, at this point we can start buying some, some more fixed income. And the front end of the curve really replied re price very heavily, a two year notes androd there. It's hard to say that there's so much value at these yield levels, especially in ten years. If i was joe biden, i think i'd be tweeting out german buns and japanese tenurs.
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