Bonds Are Not Going to Have a Good Year

The 10 year is back up at 4%. And as I said, I looked at the yield curve. And what you get is in the first six months, you get a sharply upward sloping to 5.2%. And then it's downward sloping, and then it comes up to 4% on the 10 year and the 30 year. So there's a little bit of a bump of 20 years, but essentially flat 10 to 30. But that downward sloping yield curve from six months to 10 years, that's a real concern. It's definitely flashing hard economic times.