Off of the highest of the year. We will see a 10 drop, a correction until we are done around 4100 but we are headed in that direction. U. S. 10 year yield coming up. Yesterday morning we saw the 10 year go to 4888. Across the curve, the rise in yields has been the story and it is fascinating. Bloomberg and dollar index coming down, 1,274. Mainly as we have seen yet and against the u. S. Dollar and the nymex crude, what an incredible reversal this has been. Last week were up over 95 a barrel and now we are down to 82 and 77 since. Lots going on in price action across assets and in terms of the macro picture, San Francisco fed president mar ly spoke about how these high yields are affecting her thinking about the banks Interest Rate path. The bond market has tightened considerably. 36 basis points since we met in september. That is equivalent to about a rate hike. The need to do tightening additionally is not there. Matt mike mckee who covers all things fed. One possibility as to why yie
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