Now, I don’t know if the bond market is on the verge of turning, and maybe we are. But to ignore that past trend is to ignore a very important statistical occurrence. While I’m not sure of the reason exactly why rates are falling right now (demographics, deflation fears, bond-positioning?), I do know one thing: The trend for rates is lower until it is not. So the fact that so many people find that surprising, perplexes me.The Armo Trader
Is The Bond Rally Really That Surprising?
Jerry Khachoyan
1 comment:
Not surprising at all really. The more the Fed TAPERS, the lower yields go.
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