Too much of a good thing…
STIRs are continuing their hawkish trend, with the market now pricing a 19% chance of a rate-hike as soon as March 2022…
US Treasury yields are on the rise again this morning, with 30Y yields breaking out to one-month highs…
and it appears that surge in yields is sparking some anxiety in equity markets (led by value-heavy Small Caps)…
Gold is higher this morning amid inflation-haven flows…
But bitcoin is down (though it has found support at $60k again…
What will Lael do?
