Jun

5

One wonders how a 30 year yield of 3.1 % and 10 year of 2.4% might impact the economy negatively and whether that will give pause to hawkish activities especially before an election. One wonders also how the inflation adjusted bonds fit in with these numbers.

John Floyd writes: 

The 5y5y inflation swap [see chart below] has remained in a range, the election and/or referendum to watch may be the one in Greece, which I would say is greater than 50/50 probability of occurring, that is likely to have some impact on Bunds and UST, and the sirens of Fed and ECB don't seem quite confident on economic growth.


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