--- Global markets fear US Treasuries sell-off as China ends currency freeze.
Global markets are braced for a possible sell-off in US Treasury bonds after China said over the weekend that it will allow the yuan exchange rate to adjust against the dollar, ending a two-year currency freeze that has led to trade clashes with Washington and Brussels...
Read more
Comment: I've been waiting for a bond market collapse for such a long time that I almost lost my faith in the meantime. However, I know that markets not rarely may behave irrationally not only for a short period of time, but for a long period of time, such a long period of time, indeed, that one (if anyone is still left) is about to lose his mind, too. That has been the case with the performance of the bond markets. Has the time now come for the bond market crash? I do not know, but I am ready to jump the wagon.
No comments:
Post a Comment