A False Bottom?

🚨 🚨 In October last year, as the Federal Reserve hinted that the pace of rate hikes would soon slow, it looked as though the low was in. The 10-year Treasury yield peaked at 4.5% and began to fall. Ten-year bonds have broken out this month, with yields surging past 4.6%. The 60:40 portfolio has now dropped back below its 200-day moving average once more, for the first time since the turn of the year

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