The market bounced back late in the day yesterday, causing a much needed re-price for the better just before the closing bell. Treasuries advanced over night amid speculation inflation will stay in check as the Fed reduces their economic support. The Fed’s balance sheet will expand to about $4.4 trillion by the time the current stimulus ends. The Commerce Department should say today the U.S. GDP expanded 3.6 percent in the third quarter, after growing 2.5 percent in the previous three months.
HAVE A GREAT WEEKEND!!
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