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  • With the "tapering genie" out of the bottle, the 10-year U.S. Treasury yield won't go below 2.4% absent a significant weakening in the economy, says BAML U.S. rates strategy chief Priya Misra. The forces keeping rates suppressed over the years - QE, downside growth worry, safe haven demand, bond inflows - are all subsiding. Didn't Jeff Gundlach say a few weeks back, the 10-year rate couldn't go over 2.40%? TLT +0.3% and the 10-year yield is currently 2.55%. [View news story]
    Who says the tapering genie is out? The marginal impact of each printed dollar declines. We need more and more.
    Jul 15, 2013. 04:39 PM | 2 Likes Like |Link to Comment
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