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“All courses of action are risky, so prudence is not in avoiding danger (it is impossible), but calculating risk and acting decisively.” ~ Niccolo Machiavelli
Good evening,
Treasury yields continued to climb this week, with the US 10-year reaching 16-year highs. On Friday, it rose above the 5% level for the first time since 2007, albeit briefly. This had the expected effect on markets, with all three major US indices closing sharply down.
Equities actually climbed slightly on...Enter your email and we'll send the paywall-free report directly to your inbox
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