Epic Bond Rally Continues To Wow As German Yields Converge On ECB Depo Rate
The global bond rally continued apace on Wednesday, as the market is increasingly convinced that weak global growth, stubbornly depressed inflation and a return to accommodation by central banks will push yields ever lower.
In the US, 10-year yields fell to 1.94%, a new low for the year, following Donald Trump's announcement of two new Fed nominees who will likely support the push for lower rates.
In Germany, 10-year bund yields have now converged on the depo rate at -40bps, a remarkable sta
Fading the current bull bond run is the hardest post to write. I know a guy who tried and he hasn’t been heard from in six weeks…
Don’t worry reflation is right around the corner …I know the same guy
Methinks you might not know much about Kevin, Harvey. He has, in fact, “been heard from”. A lot. He runs three websites, including one that does a weekly Podcast with MacroVoices’ Patrick Cersna: https://markethuddle.com/
in addition, he runs a fund for Toronto-based EastWest and maintains a Twitter account with ten thousand followers. he’s been interviewed at least once that i know of over the past two weeks and has been in NYC for what i assume are client meetings.
point being, far from “not being heard from”, Kevin has become something of a minor celebrity in small market circles over the past year
I didn’t think Kevin Muir literally disappeared into the desert because he entered into some kind of fugue state, or that he broke bad because of an option put that went horribly, horribly wrong. That would have been ghoulish. It is just in his persona of Macro Tourist he hasn’t posted a blog entry since May 24th. Nothing anymore serious than that, Professor H. 😋
lol. just sayin’.