The DC Today - Thursday, May 11, 2023
Channel: The Bahnsen Group
Date: 11/05/2023

The ‘Ask David’ is so long below I will put most of the writing attention on that today (see below).  Interest rates all dropping, and Fed Rate expectations in the futures markets strike me as the major market story of the day (and week).  And seeing bond yields collapse on the front end of the curve in perfect concert with the media wailing over imminent debt default is, well, a perfect encapsulation of everything.  People are paying higher prices and accepting lower yields for something about to default, eh?  Okay.

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