A.M. Look 10/1/26

Bonds on both sides of the pond have come close enough to 5 decade targets to have a pretty good bounce, which I doubt happens until tomorrow.

Ultimately rates will go higher. It just doesn’t pay to press here.

Oil has maybe another 2 dollars of upside.

Euro is into some big stuff on a qtrly chart, which lines up with our 30 Yr.

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