AAPL and MSFT both make up about 7% of the S&P 500 each, for
a total of 14% of index weight from just two stocks. |
00:01 -
08/05/23 |
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The 1-year premium to insure US government debt against
default has risen to 152 bps, a record high. |
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Money market yields are significantly higher than savings
rates at most banks |
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Βanks
seem set to continue selling Treasuries as a byproduct of
Fed policy |
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The spread between the 3-month and 1-month Treasury bill
yields has moved from a record high (1.78%) to nearly a
record low (-0.50%) in just two weeks. Bond market is going
haywire |
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