Can you smell it in the air? America is back! The last plank required to complete the foundation of my “America is Back Economic Recovery” model was for the 10-year yield to start trading in the range of 1.33% to 1.60%, and as of Feb. 16, this has happened.
We are currently administering three different effective and safe vaccines and are on the brink of reopening our economy. Added to this, the now high savings rate will likely go higher when the next stimulus checks are delivered.
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