The 10 year treasury is ‘knocking on the door’ of 1.20%–the highest yield since last March 18th.
Inflation expectations continue to be front and center–hand in hand with the giant ‘stimulus’ package being put together by the clowns in congress.
Watching the ‘talking heads’ there is sure a lot of excitement about the summer and fall as they continue to talk about the economic rocket coming with the administration of vaccinations and receipt of ‘free money’–forget that most folks aren’t spending the money–just saving it.
I see that originally congress was looking to limit the distribution of stimulus money to just those that have a need for it–but now they are back to pitching it out the door of a helicopter to most everyone. Personally our income was sky high last year–maybe the highest in 20 years–so I don’t care whether I see money or not–would just go into savings I suppose.
Well it is -6 degrees right now in Minnesota (at my house)–think I will just snuggle up for a nap—it will be a long holiday weekend with temps seldom rising above 0–plenty of time for naps mixed in with work.