The Global Retrenchment Accelerates
Sovereign yields in Germany declined uniformly across the yield curve Wednesday by about 10 basis points. This was a very large move and exceptionally so since yields are already at record low levels.
There is an inversion that is increasing at the long end of the curve with the 30-year yield now below 2%, lower than the 20-year yield and only about 9 basis points higher than the 15 year yield....635 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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