How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%? The answer: producer inflation running even hotter. When producers can't pass inflation to consumers,
The Fed just imploded the cyclical bubble. Peak asset values means peak credit expansion. Peak reflation. pic.twitter.com/gMSsbidB8o — Mac10 (@SuburbanDrone) June 17, 2021 Good lord, the yield curve keeps going.
QE being QE. 3 month yield has not heard about coming inflation. pic.twitter.com/4bm6UEk6is — Market Musings (@AndysCycles) May 23, 2021 Central banks balance sheet vs GDP. "Everything is fine,
On Thursday the NY Fed issued a press release updating their bond buying policy for US Treasuries. Read the PR here: BRIEF-NY Fed Issues Statement Regarding Treasury Securities Operations www.msn.com/en-us/money/markets/brief-ny-fed-issues-statement-regarding-treasury-securities-operations/ar-BB1gHM8z
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