Thursday, June 27, 2019

Treasury Market Acts Like Economy is in Death Spiral, But Wait...


In the past, the Treasury market was terribly wrong about this. In these instances, the 10-year yield had no predictive quality. It was just a stupid move that then self-corrected brutally. The last such idiocy happened in 2016. The good folks who made that move are still ruing the day.

- Source, Wolf Street