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Resist the Flat Yield Curve Hype

Last Week: Interest rates were mixed and global equities rose modestly as geo-political tensions and solid economic data continued their tug-of-war on markets. The yield on the US 10-year Treasury note rose 3 basis points to 2.86% while 1-month LIBOR fell 1 basis point to 2.069%. Oil fell another $2.50 to $68, as the US […]