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Citigroup's economic surprise index remains at a very high level (meaning the news has been...

Citigroup's economic surprise index remains at a very high level (meaning the news has been mostly good over the past weeks). If history is any guide, the news is about to turn worse as this read is as mean-reverting as they come. Maybe of most interest is the refusal of the 10-year Treasury to play along - past correlations imply today's yield should be around 5%!
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Comments (1)
  • glennbahia
    , contributor
    Comments (94) | Send Message
     
    Should be.... but for Ben B and his refusal to let free markets operate
    23 Feb 2012, 03:04 PM Reply Like
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