Despite near-record Treasury short speculative-positioning, 30Y Treasury yields just hit a 2.93% handle – in line with the yield at the Bullard lows in mid-October. The S&P 500 is 200 points higher… Discuss…
The S&P 500 is now trading 200 points rich to Treasury markets (or 30Y Treasury yields should be 55bps higher – despite world GDP expectations plunging as fast as oil prices)