Tomorrow represents the 6-month mark for the Treasury market. On August 4, 2020, nominal benchmark 10-year yields declined to their absolute closing lows. Over the half-year since, rates have generally been on the rise which should be a long enough period by which to categorize our interpretations of what it all means. Most mainstream commentary places any upward trend (of … Continue reading Reaching Half A Year, What’s The (Complete) Reflation Situation?