In a vaccum, this is deflationary action.
Technically, hard not to wonder whether we're putting in a double bottom here.
Seemingly, if we knife decisively below 2%, then it's a brave new world...
no positions
Friday, August 19, 2011
Record Low Treasury Yields
Yesterday, 10 yr Treasury yields dipped below 2% for the first time. Investors want out of risk, and are currently seeking perceived safety of longer dated Treasuries (despite the recent US credit downgrade).
In a vaccum, this is deflationary action.
Technically, hard not to wonder whether we're putting in a double bottom here.
Seemingly, if we knife decisively below 2%, then it's a brave new world...
no positions
In a vaccum, this is deflationary action.
Technically, hard not to wonder whether we're putting in a double bottom here.
Seemingly, if we knife decisively below 2%, then it's a brave new world...
no positions
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