Calm Start Even if Modestly Weaker

Calm Start Even if Modestly Weaker The day before and/or after a 3-day weekend is more volatile than the average weekend-adjacent trading day. Last Friday fit that bill but today could have been mistaken for a summertime Monday (despite being a wintertime Tuesday). There were no significant reports and the available Fed comments weren’t actionable.  After nearly touching 4.0% in the overnight session, 10yr yield…