Surveillance: Goldilocks Scenario with Levine
Bloomberg Surveillance
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Equity Market Decline in the First Six Months of the Year
The big decline in equity markets in the firstx months of the year, was mostly a rate shock. The ten year yield going from one and a half to almost three and a half %. But we're well off the hies in terms of the ten year treasury yields. And i think that's the main reason that we've seen this big equity market move off up the lows in the stabilization.
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