10-Year Treasury Yield Hits 1.21%, More than Doubling Since Aug. But Mortgage Rates Near Record Low. And Junk Bond Yields Dropped to New Record Lows.
Bond Market Smells a Rat: Inflation. So the Fed seems OK with rising Treasury yields.t.co/X6JexLVNbh
.@neelkashkari, if dot com was a bubble; what is today? t.co/yGgOTcQzSo
According to central bank policy the world has been in a permanent crisis since 2009 and will continue to be in a crisis forever.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.
10 Thursday AM Reads
My morning WFH reads:
•
The storming of Capitol Hill was organized on social media. On far-right social media sites Gab and Parler, directions on which streets to take to avoid the police and which tools to bring to help pry open doors were exchanged in comments. At least a dozen people posted about carrying guns into the halls of Congress. (New York Times)
see also
Facebook and Twitter suspend Trump’s accounts after Capitol insurrection Social media companies are going to new lengths to limit the reach of Trump’s incitement to violence. (Recode)
•
Where Year Two of the Pandemic Will Take Us The coronavirus pandemic blazed across 2020. Many countries repeatedly contained it. The United States did not. >20 million Americans have been infected, >350,000 have died. Two vaccines have been developed and approved in record time. President-elect Joe Biden has promised 100 million vaccinations in 100 days. The winter months will s