Letter of the Week
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Something unusual happened this week. The market became less convinced that the Federal Reserve needs to raise rates again immediately. And yet the cost of money kept getting more expensive. The U.S. 10-year Treasury yield briefly reached 5.34%, its highest level since 2002, before retreating later in the session. Stocks initially sold off. Then yields…
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About meridia market notes
Meridia Market Notes is a public market context journal from Meridia.
Our goal is simple: help readers understand the current market environment before reacting to headlines.