Who's Afraid of the 5% Wolf?

Chart of the Day

Good morning!

It's no secret that President Trump and Treasury Secretary Scott Bessent want yields to go down. Nor is it a secret that at least in the immediate-term, yields remain elevated after last week's expanded long-term Treasury buyback. This has many investors skittish.

After all, the negative correlation between yields and stocks is basically Investing 101. Yet is there really cause for alarm?

Human nature tends to favor nice, clean, round numbers. That...

Chart of the Day

Good morning!

It's no secret that President Trump and Treasury Secretary Scott Bessent want yields to go down. Nor is it a secret that at least in the immediate-term, yields remain elevated after last week's expanded long-term Treasury buyback. This has many investors skittish.

After all, the negative correlation between yields and stocks is basically Investing 101. Yet is there really cause for alarm?

Human nature tends to favor nice, clean, round numbers. That...
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