Pay Attention To 10-Year Treasuries
By Simon Moore:
Every day there is a massive amount of newsflow in the market. Some relevant, some not so relevant, the danger of this firehose of information is that we don't spend enough time looking at the few crucial things that do matter.Therefore, I want to take a moment to point out what is going on with 10 year Treasuries where we are now pushing 120 year lows.
10 year treasury since 1890...
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10 year treasury past 10 years...
The Bull Case Some see this as the logical continuation of the 30 bull market in 10 year Treasuries, and given Operation Twist and unprecedented easing it makes little sense to fight a Federal Reserve who has now mastered the art of inflation fighting, especially when growth is unlikely to stoke inflation any time soon and bonds over a much less risky proposition than equities, especially in the contextComplete Story »