Demand for Treasuries at the regular auctions has risen by slightly more than the increase in new issuance lately. But yields continue to trend higher because selling in the secondary market has outstripped demand.
With total systemic liquidity waning thanks to the Fed and its central bank cohorts, this is also bad news for stocks, bad news that we have been expecting.
And it’s going to get worse. Here’s what you need to know to preserve your capital and profit.
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