Almost Knocking on Heaven's Door
After several tumultuous months attempting to convince the investment world that they mean business, market prices have confirmed that the Fab Five (the global central bankers) have gained significant traction in the managed-money set.
The most recent price signal comes from the U.S. Treasury markets, where 10-year benchmark yields have finally closed above 2.1% and are being pushed higher by short covering and momentum trading. For those who believe that the wisdom of crowds is always wrong, pay close attention to this. Even secular economic bears expect rising yields....551 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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