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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we go over several factors that played into a brutal day for the bond market leading to a huge bear steepening at the long end of the curve.  Namely, one of these factors was a very bad 30-year bond reopening which we look at the internals of. Next, we take a look at the strength of the consumer including the divergence between Bloomberg and other consumer sentiment indicators. After recapping today’s inflation data, we then give an updated look at the federal budget deficit.

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!