Albert Edwards Calls Out ‘The Usual Chorus Of Bears’
In April thirty-year German bund yields briefly dipped below 0.5% and 10y bunds hit 0.05% after sliding for more than a year, so now that we’ve had a sharp bounce back in the last month it might seem reasonable to call that the floor. Even if ECB intervention pushes yields back down a bit, there hardly seems to be any room for a sustained bond market rally . . .
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