William Prophet
William Prophet
earning fact holding mind overnight people percent positive rate reflective six
The 10-year is not reflective of the fact the overnight rate is going to 4.75 percent in six weeks. It may have to do with carry. As long as you're earning positive carry, people don't mind holding 10-year notes.
bond brink consistent economic economy government market
The economic fundamentals consistent with what's being priced into the government bond market is an economy that's on the brink of recession.