I don't understand why
I don't understand why central banks would lose control of the bond markets when they have a secretive electronic printing press that is still fully functional. They can do whatever they want and have...
View ArticleNo argument that actual rates
No argument that actual rates have risen, but the vast majority of that rise appears to be the fall in value of the bonds themselves. As you say, what happens if investors lose faith in the control of...
View ArticleExpect massive interventions
The Greek drama playing out right now will test the system and I fully expect that the central banks will be all over these markets beginning at 12:00:00:01 on Monday morning to limit volatility and...
View ArticleI'll believe it when I see it.
I'll believe it when I see it. Debt levels to GDP ratios need to come down significantly before treasury yields are allowed to go up. I guess the bond vigilantes or the market might take on the Fed...
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