US markets are holding tough as the calendar heads towards another month end. Historically, the end of February brings weakness into equities, but that has not been the case this year, and indexes continue to hover just below their ATH levels. What is interesting about this dynamic is how the move higher for equities has developed while Treasury yields have jumped higher (10-yr has moved from 3.88% Feb 1st to 4.31% this month), and investors have moved back in line with the Fed’s 75bps of rate…
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