But one thing is apparently clear: anyone who wants to blame the constant contrarian buying in Treasurys (but... but... the economy is improving) on exogenous factors or reverse rotations, has so far been proven wrong. Which means the one most probably option still remains on the table: bonds are simply being bid because the economy continues to grind slower, despite what Fed-manipulated equities are telegraphing, and until there is real, credible proof that the economy is once again improving, expect the pundits to continue scratching their heads or other parts of their bodies."
at http://www.zerohedge.com/news/2014-06-06/no-surge-treasurys-wasnt-due-pension-fund-buying
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