I have practiced Transcendental Meditation (TM) consistently for years. The reason is not complicated, it works, and it is actually enjoyable to do. I say this as someone who spends a large part of life dealing with markets, risk, uncertainty, and occasionally listening to gurus confidently predict the future on social media five times a…
When the long bond speaks, markets listen
The 30-year Treasury yield topped 5.1% on Friday, the highest in nearly a year. The long bond jumped almost 11 basis points to 5.121%, while the 10-year surged nearly 14 basis points to 4.595%. Not exactly a small move, unless you have been meditating in a cave without Bloomberg access. Had an interesting conversation with…