10-Year Real Yields hit highest level since 2011

The breakdown in US equity prices ahead of a well telegraphed 75 basis-point hike this week doesn’t’ necessarily constitute a chance to buy dips for those who typically expect mean reversion, and price trends remain negative and not oversold.  Interestingly, there has been some minor positive divergence in S&P and NASDAQ futures compared to cash levels ahead of the FOMC meeting, which have managed to hold early September lows and not follow thr...

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