Watch Bond Yields Melt Further in the Coming Year
It shouldn’t surprise anyone if the 10-year T-note yield slices below 2.5% before this thing runs out of gas
Highlights
History suggests that the bull market in bonds is just starting out…
… at a time when U.S. households are overweight stocks and need to rebalance
India and Japan are attractive alternatives to overvalued U.S. equities
Fundamentals don’t support the BoC’s and ECB’s more hawkish stance compared to the Fed
