Really stretched. The bottom histogram is the percentage which the 10y yield deviates from its 10y (linear regression) trend.
We've only been here once before, during the height of the credit crisis in late 2008/early 2009.
Even if you're bearish on the global economy, or expect hard deflation, the pay-off in betting large on US government bonds seems particularly unattractive at this point.
Please follow Money Game on Twitter and Facebook.Follow Matt Busigin on Twitter. x
To embed this post, copy the code below and paste into your website or blog.
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
No comments:
Post a Comment