Joining the list of indicators that are at or near 09 levels, the 10 year Treasury Yield fell below 2% today!
 |
| Click to Enlarge |
For context, today headline CPI
Y/Y was reported at 3.6%. Even core CPI is running at 1.8%. This means that if you believe the rate of inflation is unchanged from here, purchasers of US Treasuries are lending to the US government at a negative real rate
for the next 10 years.
No comments:
Post a Comment
For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.