FYI: The world’s most important bond market is stuck in its worst rut in more than half a century.
Ten-year U.S. Treasury yields have been locked between 2.01 percent and 2.63 percent in 2017 -- a measly 62 basis points. That’s the tightest trading range since 1965, when William McChesney Martin ran the Federal Reserve, Lyndon B. Johnson was president and Frank Herbert’s sci-fi classic Dune hit shelves. And it’s less than half the annual average span of 175 basis points, according to data compiled by Bloomberg.
Regards,
Ted
https://www.fa-mag.com/news/worst-bond-market-rut-in-52-years-shows-few-signs-of-break-out-34889.html?print
