Two-Year Yield Falls

Janet Yellen’s comments yesterday basically acted as a stealth rate cut. It’s interesting to note that the two-year yield has fallen from over 1% two weeks ago to 0.76% today.

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That’s helped the stock market recover. The S&P 500 rose for the third straight day. The index closed today at 2,063.95 which is its highest close all year.

At one point in February, the S&P 500 was down 11% for the year. Now it’s up just under 1% YTD.

Posted by on March 30th, 2016 at 4:33 pm


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