FYI: Pointing at the Treasury market and declaring this or that thing is a big econ newsletter trope but the truth is that sovereign bond yields are really one big market in the current era and it may be that way forever for all we know. Yes, different central banks are having different types of inflation or deflation fights all the time and are varying states of the stimulate-normalize-hike cycle at any given time. But this is swamped by the ability of global portfolio managers to allocate capital all over the world and this shows up in the synchronization of bond prices (yields) over time.
Regards,
Ted
http://thereformedbroker.com/2017/09/11/chart-o-the-day-one-big-bond-market/
