I'm Not Seeing a Bear Market in Bonds
U.S. Treasury bonds can't find a bid here. The 10-year bond has declined in price (or risen in yield) five days in a row, falling 2 points in price, or climbing 22 basis points in yield, since Jan. 17. Is this the start of a more lasting bear market in bonds?
Sometimes the market sells off because there is a real imbalance between supply and demand -- that is, there are many willing (or even desperate) sellers vs. few buyers. That's when a real bear market gets going. Or sometimes, a market is fundamentally strong, but pricing gets ahead of itself. A correction occurs, but it's limited....687 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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