Yields/Bonds Today - May 8, 2015
Yesterday we illustrated why it was premature to get all hyped up on bond yields. Today they are dutifully dropping. Here is a look at some of the suspects.
The 10yr – 2yr yield spread is rising with nominal yields dropping. This is in keeping with a possible ‘macro turn’ scenario as long as the thus far lame rise in 10-2 continues.
Also, amidst the hype it is not surprising to see bonds (from US to Europe) rising. The supposed Bond Armageddon will have to wait another day at least. Unbelievable the hype that the financial media and certain sensationalist ‘analysts’ manufacture.
Disclosure: Subscribe to more