Yellen and the 10 Year

NexusFi · 2014-03-20T13:49:08-04:00

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Discussion in Treasury Notes and Bonds

Updated March 20, 2014

Yellen and the 10 Year

March 20th, 2014, 01:49 PM

#11 (permalink)

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Well its all about perception, I think the Fed were trying to convince themselves and hoping that everyone else believed in it being a genuine and fundamental improvement in terms. I tend to agree with you but they've been grasping for straws ever since all these markets started rallying last year. The underlying problems created throguh debt crisis are going to be here for decades to come in my view.

i don't tend to agree with you, old chap - i adamantly agree with you. the market is uncharted territory and the level of economic mismanagement, debt-wise and moral hazard-wise, is not far behind. 5 years of qe/zirp contamination have undoubtedly affected inflation/deflation perceptions in ways that were never experienced by past or current policy makers. so , like you stated, years and decades of market stats have been poisoned for market application directly ahead as well as the way portfolio construction and carry trades are executed.