“Davidson” submits:
The market continues to trade 10yr Treasury vs US Inflation expectations.
This is myopic.
The global story is that 10yr Treasuries offer a couple of percent above collapsing currencies elsewhere. Since Jan 30, 2018, the Trade Weighted US$ has risen from 85 to 92 today or 8%. Add the yield and you get a very attractive return for those seeking to escape confiscatory governments.
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