Weekly Closing Chart of Treasury Yields
click on chart for sharper image
This is how today looks on Bloomberg.
Even with today's bounce in equities, a bid remains for treasuries. This is a hint about underlying demand, and also about the so-called recovery that now seems to be gasping for air.
Note that 5 and 10-year treasury yields are at their lowest level since May of 2009. The 30-year long bond is approaching that level.
This sure isn't hyperinflation behavior. It's not even inflation behavior.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List
No comments:
Post a Comment