All bond yields move in the same direction. And they all follow the trend of the yields on Treasury bonds.
In the above chart the 10-year Treasury bond yields (green), AAA bond yields (blue) and BAA bond yields (red) move with perfect synchronicity.
Right now they are heading down in response to bad news on the economic front. The business cycle is alive and well.
Details will be discussed in depth in the next issue of The Peter Dag Portfolio.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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