by Chuck Butler
Good Day… And a Tom Terrific Tuesday to you! Another short night for me, and no, I wasn’t up late watching the Home Run Derby! I did see most of the HR Derby though, and Giancarlo (don’t call me Mike!) Stanton put on a show for the fans… The morning seems to be good though, so I’ve got that going for me! Depeche Mode greets me this morning with their song: Policy of Truth, which sure would make things much better in the world, if everyone had a Policy of Truth!
Well, it’s a farewell to bonds this morning… No, bonds aren’t going anywhere, but their yields are! And they are going up, with the U.S. Treasury 10-year yield at 1.48%, where last week it was down to 1.32%… This is a true indicator that investor are bailing on the Risk Aversion trades they made last week…