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Author: jsc

Morning Notes — Narrative

The driver behind this week’s rally is a growing belief the Omicron wave will be widespread but relatively brief with infection rates fading in early January, if not sooner.

Morning Notes — Yield Curve and SPX Support

Support for 10-year Treasury yields sits in the 1.35%-1.40% zone with sustained levels north of 1.55% confirming a reversal to higher levels. We see some light resistance in the low 1.70s, but look for yields to reach the 1.90-1.95% range sometime in H1’22.