December 2017

In the wee hours of the morning following election day last year, markets were in a state of complete disarray–especially bond markets (which dictate rates). After a significant improvement initially, rates embarked on their single worst trading day since the 2013 taper tantrum. Bottom lines, rates surged higher. Did they know something back then about where we’d end up today?
Source: Kevin Litwicki Universal Lending
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