WATCH YIELDS

WATCH YIELDS! How many times do we have to say that? How many times have we said those 2 words recently? WATCH YIELDS!. The bond market is in a bear market, not only here but many areas around the globe. That means yields are heading higher and right now, persistently higher. For example:
Germany’s 10 year at a 15 year high.

Japan 2 year at a 31 year high. The 10 year hit 3% for 1st time since 1996.

France 10 year yield an 18 year high.

When one has a chance, take a gander at other countries.

Our ten year yield has broken to new yearly highs…and highest since 2007-2008. The 30 year yield is at 19 year highs. Back then, yields were trending down. Presently, yields are trending up. Along the curve, yields are heading up.

This, while our government is running massive debt and deficits with the past culprits gone or retired while the latest culprits do not give a crap. They only speak up near elections with both parties blaming each other. The Treasury Secretary says we can grow our way out of it. Cue the laugh track! This, while the President wants to add a measly $500 billion for defense…every year.

WATCH YIELDS!