The stock market has been flailing about like a teenager on cheap wine year to date, but so far the much larger, more sober bond market seems pretty sure about its preferred path: safe-haven inflows to U$ and the highest quality bonds. As shown in this chart of US 10-year Treasury yields, the Q-Eternity sponsored pump and dump in risk assets that began in the fall of 2012 is once more running low on believers in 2014.
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Cory’s Chart Corner
Load MoreWow...RBC trying hard to obfuscate an 8x growth in loan losses with candy for the kiddies, buybacks and dividend hike. Morning other Danielle...
h/t @DiMartinoBoothBattening down the hatches with an eight-fold hike in loan loss provisions north of the border:
@RBC provisions for performing loans totaled C$568 million in the second quarter, up from C$68 million in the first three months of the fiscal year.
@business
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