Of course markets are closed today for the MLK holiday–but after the last week or two a breather is likely welcome.
Friday the 10 year treasury closed at 1.77%–down from the high of the week at 1.81%, but right at the same level as last weeks close.
Economic crosscurrents are strong—weak retail and falling consumer confidence, yet hot inflation.
The next few months will be interesting as the FED tries to taper QE, then raise interest rates and finally run off the balance sheet. 2022 will be a very interesting year!