www.statista.com/statistics/247565/monthly-average-10-year-us-treasury-note-yield-2012-2013/
Mainstream consensus is 1.9% (if not 2.2%!) My own belief is sub-zero in August or Q4.
In 1990 a multi-year downtrend began, ending in 1993. Also 2000 – 2003 and 2007 – 2012. All three episodes had “pauses” in the middle. I suspect Q1, Q2 are that pause. Possibly with Q3 as part of it or more likely the downtrend resumes any month from then (July/Aug/Sept). And in each of those other instances the resumption occurred With A Vengeance.
h/t mark000
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