We are not sure what to make of this drawdown in the short end of Treasuries.
The Fed says don't worry, that's just us buying up the market.
Perhaps they are rebuilding their bank panic breakwall.
But in the meanwhile, we'll head to higher ground for a better view.
"The problem with movies and books is they make evil look glamorous, exciting, when it's no such thing. It's boring and it's depressing and it's stupid. Criminals are all after cheap thrills and easy money, and when they get them, all they want is more of the same, over and over. They're shallow, empty, boring people who couldn't give you five minutes of interesting conversation. Maybe some can be monkey-clever, some of the time, but they aren't hardly ever smart."
Dean Koontz



