Why are rates always stuck near the lower bound?The usual explanation is that globalization, automation and demographics are the culprit. That's compelling but the BIS has a paper that puts forth a novel...
Markets:Gold up $7 to $1883WTI crude up $2.34 to $110.60US 10-year yields up 5 bps to 3.12%EUR leads, CAD lagsS&P 500 down 23 points to 4123 -- first streak of 5 weekly losses...
This is not a pretty picture in any sense.Now you can argue that if you ignore yesterday's gain, this isn't that bad. But I won't make this argument because a 6% loss is...
