A lot has been written about the yield curve lately. Some are saying Treasuries are dropping only because of the increase in federal spending while others are saying we're simply going through a standard correction. In fact, both are correct as the undercurrents of both issues are present in the Treasury marker's recent action. But what has also been missed is the possibility that the Treasury market could also be signaling an economic recovery.
First, let's start with a bit of...
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