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Income Report Card | April 24, 2017

Posted on April 24, 2017

Our Observations: The 10-year Treasury ended the week at 2.24%, slightly higher than this year’s low of 2.18%. At this point, we are unsure if a new pattern has taken shape or whether this is a reprieve from the range formed earlier this year. However, we think the lower rates and continued outperformance of lower […]

Income Report Card | April 17, 2017

Posted on April 17, 2017

Our Observations: The 10-year Treasury yield fell from 2.38% to 2.24% over the past week, breaking out of the trading range it has held all year. We believe this likely signals the beginning of a correction that should favor less risky assets such as Treasurys and cash over riskier credit and stocks. However, we’ve noticed […]