“They Can’t Both Be Right (Or Wrong)” – Doug Noland Exposes Monetary-Disorder-Driven Market Delusion
…with “risk on” back on track, why then would “safe haven” bonds be attracting such keen interest?
German 10-year bund yields sank eight bps this week to nine bps (0.09%), the low going back to October 2016. Two-year German yields were little changed at negative 0.58%. Ten-year Treasury yields declined five bps this week to 2.64%, only nine bps above the panic low yields from January 3rd. Japanese 10-year yields declined another basis point this