Thursday, February 27, 2020

Wall Street says "DONNIE, SHUT UP!"




So, what did investors think about President Trump's new task force to take on coronavirus, now that it's headed up by a guy who once claimed that "smoking doesn't kill", and thinks a person can pray away the fact that they are gay?





You wanna know what the Wall Street crowd thinks about the prospects of the US economy due to the mess that Drumpf and the rest of this Wrecking Crew is leaving for us for the coming years?
The 2-year note rate, which tracks expectations for monetary policy, slipped 4.6 basis points to 1.099%, its lowest close since Nov. 2016.
So Wall Streeters think that getting 1.1% for the next 2 years is a worthwhile investment. 1.1% BEFORE INFLATION. And the 5-year note was even lower, at 1.08%.

Bad things, man. Bad things.

PS- It doesnt seem to be letting up. The 10-year note isn't much higher.

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