"If you have 5% for nominal GDP in the U.S., and you have 70 basis points on Germany, add those together, you get 5.7. You divide by two, and lo and behold, you get 2.85%, which is within two basis points of where you are today."
"In days gone by, a massacre of students like the atrocity at Marjory Stoneman Douglas High School would have brought us together... But like so many atrocities before it, this mass murder is tearing us apart..."
An associate of Sen. John McCain (R-AZ), David J. Kramer, has invoked his Fifth Amendment right not to testify over a November 2016 trip to London to retrieve a copy of the controversial Trump-Russia dossier and deliver it to the Arizona Senator.
"We now expect the 10Y rate to reach 3.25% by the end of the year driven by a worsening supply/demand dynamic. However, this transition will likely be a bumpy one due to the interplay between rates and risk assets."