“They Can’t Both Be Right (Or Wrong)” – Doug Noland Exposes Monetary-Disorder-Driven Market Delusion

Posted on February 10, 2019 10:35 am

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URL https://www.zerohedge.com/news/2019-02-10/they-cant-both-be-right-or-wrong-doug-noland-exposes-monetary-disorder-driven 

Excerpted from Doug Noland’s Credit Bubble Bulletin,


…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