The cost of capital testing pre SVB/Some stats and some anecdotes
I will not be writing on Monday where the June ISM manufacturing index is expected to be under 50 for the 8th straight month.
The cost of capital continues to rise and US yields are now testing where they were before SVB collapsed. Outside of a few days in early March, the US 2 yr yield is kissing the highest level in 16 years. The 10 yr yield was above…
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