"It doesn't hurt to listen, and yes yields will now retrace as demand for debt issuances has become healthy again and bidders are not in a position to dictate terms[which drives yields higher]. However this does not mean yields will crash - but to avoid a crash[or dangerous spikes] in yields; a balance was required or both those offering and bidding for debt would have asked for whatever the hell they wanted and this is never appropriate for a market of this type of mass.."
So Calvo enlighten us from the depths of your economic prowess...
Where do you feel 10 Year treasury yields will be in 6 months?
Yesterday you were concerned about spikes now you think a balance has been found?
hands up whos in for consolidation, page-38
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