I know we're all permabulls here...
But isn't anyone concerned about the downtrend in the 10 year treasuries yields?
An explanation is needed for why traders would be moving out of US cash - and into both gold and usd treasuries.
A simple inflation hedge story doesn't cut it. Nor does a simple deflation story. Someone here has to be wrong.
Another shock coming?
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- no concern about treasuries?
no concern about treasuries?
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