2 ms·
Bond market seems mispriced, and QE still distorting flows to some extent. If we get a few more bad CPI prints, expect rapid rise in longer term treasury yield
by adam_arthur 5y ago
Bond market seems mispriced, and QE still distorting flows to some extent.
If we get a few more bad CPI prints, expect rapid rise in longer term treasury yields.
Wouldn't be surprised to see 3% on the 10yr within a few months. Could go even higher if strong evidence of entrenched wage price spiral emerges