BLOOMBERG Bloomberg Real Yield July 13, 2024
If it keeps pushing higher, then youll start to get a capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here the market would not like. If this reverses, it reflects significant deterioration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. A substantial amount of Institutional Investors that perhaps have overweighted duration. You want to buy duration here because we have not yet seen a sustained pickup in mo...