BLOOMBERG Bloomberg Real Yield January 14, 2018
Up in the u. S. , the risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, we have seen from the boj that they are making changes, which has as we extrapolate, slow purchases as well. The fed is poised to take its thumb off the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past four to five years that appears to be close ...