Midday Missive

Money for Nothing

Negative yields will keep a bid on breaks to Equities.

Utilities saw the early bid followed by Fintech names.

Auto parts names all rallied early as a defensive trade with Utilities.

Indices are not worth trading.

Bonds are being bought on both sides of the Pond.
This is the spot for capital flow over the next two sessions.

Italian 10’s…

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