Treasury Draws Negative Yield for First Time During TIPS Sale. That's a headline that tells you everything you need to know. Why would an inflation adjusted bond yield go negative? Here's why.
"The Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time at a U.S. debt auction as investors bet the Federal Reserve will be successful in sparking inflation."
Comment: the bubble is in the US Dollar. When the bubble bursts, (rising yields), it will be due to inflation fighting efforts at the FED. And we aren't even in the job creating part of an expansion yet. Not looking good.
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
No comments:
Post a Comment