The bond-fire was back in Europe yet again, as yields climbed to a new high for this go-round and the German bund yield rose to about 95 basis points. Equity markets weren’t too fazed, although they were a bit lower….
As for the action here in America, there wasn’t much, but the pattern was similar, with our 10-year climbing to a new high of 2.43%, as equity markets drifted around unchanged all day. Away from stocks, as noted, fixed income was heavy once again, green paper was mixed, oil gained 3%, and the metals were flattish.
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