Treasuries are decisively breaking below the levels that triggered the recent banking issues.
Here is a reminder that the inflated valuation of financial assets hinges on a low cost of capital environment, a circumstance that no longer holds true today.
Investors are starting… pic.twitter.com/hYaAuf02Du
— Otavio (Tavi) Costa (@TaviCosta) August 15, 2023
The writing on the wall?
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