Tag: inflation
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Cheer up, the worst is yet to come!
By David Stockman | October 5, 2018 – Title from Mark Twain, Those Extraordinary Twins (1894) “The yield on the 10-year U.S. Treasury note hit seven-year highs this week. It made the biggest single-day move since November 2016 on Wednesday.” Editor CEC adds: This may sound confusing, but huge bondholders lost a bundle, for when rates go up it…
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Unacceptable Risk of US Treasury Bonds in the Era of Printing Press Money
The recent precipitous plunge of the US government bond market is largely ignored on Wall Street. The biggest dollar loser of 2013 is not real estate, commodities or gold, but is long term US Treasury Bonds (1) and notes, which have lost from 5% to 15% (depending on Maturity) of their value in the marketplace…