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Do Larger Deficits + A Smaller Balance Sheet = Higher Rates?

Last Week: Interest rates and equities both lurched higher amid continued evidence of synchronized global growth and solid corporate earnings. Yields on US 10-year Treasury notes rose to their highest level since 2014, trading to a weekly high of 2.66% last Friday morning. 1-month LIBOR followed the 10-year higher, trading to 1.5613% from 1.5561% the […]