I’ve been singing the same song for the past 5 years!

The long end has a destiny in the 7% range.

Nothing has changed about the path and destiny of #’s than macro justifications ” the why” for it.

I love the Yen conversation as well.

Sure the Yen is undervalued, but it’s doing a Full Plaza Accord swing which could eventually lead to a retest of 221.

Metals are going to get funky into next week as the spreads show the charts are ripe for some breaks, which occur when the equities fog Risk Off.

Senility is setting in . SNB holdings were published yesterday. Definitely worth a look.

For trading purposes Korea remains key driver.