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TREASURIES -- Long-date yields jump on strong economy, Fed hawkishness - Inflation Ahead?!

davfordavfor
edited October 2018 in Off-Topic
Yesterday Amazon announced it is raising its minimum wage to $15. My immediate reaction was two fold....(1) good move and (2) animal spirits are alive and there's lots of cash available....inflation ahead.

Gundlach's predictions also came to mind. Time will tell but the odds he is on to something appear to be increasing....

Here is a quote from the article linked here:
Benchmark 10-year government yields, which reflect the market's view on the overall health of the economy, were up nearly 12 basis points at 3.183 percent, the highest since June 2011.
https://www.reuters.com/article/usa-bonds/treasuries-long-date-yields-jump-on-strong-economy-fed-hawkishness-idUSL2N1WJ1NS

Comments

  • hank
    edited October 2018
    Good topic. Today, RPSIX fell 0.33% - a lot for that fund in one day. Down close to 1.5% YTD. Also very unusual. I respect G's opinions a lot. On the other hand I don't see how we get to 5% without first suffering a serious recession and market correction.
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