10-year U.S. treasury yields just touched 2.9%. This is a new high for the move. The rise in response to the CPI was delayed by the initial plunge in stock market futures. But now that stocks have recovered most of their losses, bonds are plunging.
— Peter Schiff (@PeterSchiff) February 14, 2018
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- #JanetYellen is still pretending the Fed will eventually allow its balance sheet to shrink. It won't shrink, it will explode to new highs!
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- With a trade war on the horizon, China, Japan, and others could even go a step further and start dumping US debt on the market. That means bond prices will tank even faster and yields will increase. That's bad news! http://bit.ly/2Hepdkk