Oil Rising! (And No Mountains In Ocean City, NJ)
Here we go again.
The US Treasury 10-year yield has pieced the 3% resistance level … again.
And then promptly feel below 3% resistance level again.
Meanwhile, oil keeps rising. And gasoline is up almost 20% year-to-date.
On an amusing note, this story appeared on Bloomberg this morning about Ocean City, New Jersey.
I was born and raised on the New Jersey shore and snow-capped mountains were not near the Jersey shore. Nice editing.
Here is a more realistic postcard from Ocean City.