
Banks/Broads in the face of elevated L/T yields
Not very happy signaling from the Pigs Neither nominal KBE… …nor the KBE/SPY ratio are looking very good in the face of rising yields. Indeed, KBE above is in a nasty looking pattern as it stands now. The banks are normally thought to benefit from rising yields, but I think a ‘carry’ on the short end is busted. But then again, you could view the … Continue reading Banks/Broads in the face of elevated L/T yields