Day: August 11, 2023πŸ’Ύ

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If I could only be heading out of town … πŸŒ„

Such a beautiful afternoon, very low humidity. Looking forward to the evening bike ride home, a quick dinner, and then either Five Rivers or maybe Voorheesville on Blackie.

Monday and Wednesday of next week looks good for bicycle commuting, then hopefully Thursday and Friday I’ll be in the Adirondacks.

NPR

Why the sell-off in bond markets could impact you : NPR

The Bloomberg Barclays U.S. Aggregate Bond Index, a benchmark that is kind of like the S&P 500 for bonds, fell by roughly 15% — its steepest drop since 1976, when it was created.

This year, stocks have staged an impressive recovery — the Nasdaq is up more than 30% so far. But the bond market has barely rebounded.

That's largely because investors are betting inflation will remain above the Fed's target for a while, which means policymakers will have to keep interest rates high.