This entire market meltdown has been based off of a flawed premise. We income investors must take advantage of it, before sanity returns to the markets.
The 10-year Treasury yield soared above 5%. On its journey to the stars, the higher 10-year has clipped equities severely along the way. A high benchmark rate upsets every applecart in finance.
But here’s the thing. This is not a sustainable move.
This post originally appeared at Contrarian Outlook.