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But we saved everything 🙂.
Kevin Green points out that Treasury note futures and the KBW Bank Index are experiencing a significant divergence not seen since 2007.
This development highlights a sharp disconnect in the behavior of bond and banking sector benchmarks, which could signal broader changes in market sentiment.
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Green has recently flagged other key market moves in energy and commodities. He reported that U.S. retail diesel prices were nearing all-time highs with refinery maintenance season still ahead. In a separate note, he covered discussions about WTI crude approaching $104.95 on increased intervention talk.