QQQA - The Global Collapse In Bond Yields Is Bullish For Stocks

• The best news last week was the continuing decline in global bond yields, including the 10-year Treasury rate falling below 1.4% last Tuesday.
• If and when the Fed decides to raise key short-term interest rates, I don’t think they will be able to raise rates by much, since the federal debt has risen to $30 trillion.
• Increasingly, it looks like the rest of the world expects the U.S. to embrace MMT and eventually offer negative Treasury yields. Already, the yields on the TIPS are in negative territory. Even junk bond yields have now fallen below the Consumer Price Index for the first time in history.

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