13 days out to the election. we ve got lots in this hour. wendy schiller of brown university will join us on the changing political landscape. there is market movement today. we will talk equities in a moment with james bevan. i love his work on a more long-term perspective. let s go short-term. where in the bond market argue focused? jonathan: long end, of course. front end anchored, a bit of a snooze. and you re starting to break out a bit over the last 24 hours, just north of 80 basis points. just around 95 was the intraday high in june. we have not reclaimed that level. whenever we see a price move like this, it is a bit more fuel for the reflation narrative. it is price first, narrative second. tom: i saw just a little bit breaking out to higher inflation. what is the significance of the vanilla spread, the difference between the 10 year and the two-year yield, back to march of 2018? jonathan:jonathan: steeper, and the five year versus the 30 year, also steeper. i think
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