The Strange Bond Market
From BIGTRENDS:
"The yield curve is as steep as you'd like to see it from an inflation standpoint. How so? The steep curve displays a future growth rate exceeding 4%, and with all this being the result of an inflationary impact. The increased money supply is washing around the markets and finding a home...call it commodities. We've seen bonds sell down recently and weekly auction seem to be scrutinized with a fine tooth comb. However, yields still are under 4%, hardly a bad number historically. So, while gold and the greenback may be screaming inflation, bonds are not".
WIZ
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