- The stock market made an all-time high in its first week of 2021, shrugging off the violence, and the Treasury market recaptured 1% on the 10-year note, closing the week at 1.12%.
- Furthermore, there is no pressure in the junk bond market, which, rightly or wrongly, assumes that with two vaccines against COVID-19, and more coming, the pandemic will be winding down by mid-year.
- Speaking of a “safe haven bid,” one cannot see a strong bid in the gold market either, with both gold and silver in a trading range since the price spike last summer.
For further details see:
No Safe Haven Bid In The Treasury Market