mercoledì 10 gennaio 2018

It was called: "Bond Bear Market Confirmed yesterday".

With today's spike in Treasury yields, perhaps triggered by BoJ's taper, Bond guru Bill Gross has called the end of the 25-year bond bull market... In a tweet via Janus Henderson, Gross signals the bond bear has begun... Gross: Bond bear market confirmed today. 25 year long-term trendlines broken in 5yr and 10yr maturity Treasuries. — Janus Henderson U.S. (@JHIAdvisorsUS) January 9, 2018

Gross said last year that 10-year yields persistently above 2.4% would signal bear market.

He is correct that trendlines have broken but we have seen the occasional false-alarm breakout in the last 25 years...

10Y Treasury Yields...


5Y Treasury Yields...




Notably, the 'other' bond guru -J. Gundlach - has been flagging for higher yields for a while as copper has broken out relative to gold...


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