WEEKLY WRAP-UP (s2023 e5)

for the week ending August 4th, 2023

Some thoughts on the bond market

For the first time in what seems like forever, the market has changed its tone regarding bonds. What used to be an endless stream of “the recession is right around the corner - load up on duration” calls has turned into a “the government cannot maintain this level of spending and the bond market is about to go no bid” hys…