- Picking interest rate bottoms and tops is far harder than trying to pick stock market bottoms and tops.
- While the mainstream financial media trumpets 7% – 8% inflation, the fact is the 10-year Treasury yield at 2.85% is telling us inflation is temporary, so either the bond market is very, very wrong, or inflation is coming down in the next 8 months.
- While client bond performance has been relatively good, markets can change quickly, and the fixed income allocations still have negative returns.
For further details see:
Where Might Interest Rates Peak? A Monthly Chart Of The 10-Year Treasury Yield