(See recent article, Stock Margin Debt Signal Reaches 5 Alarm Level).Based on market data , I also see the 10 year Treasury now reaching price levels that will be very difficult to maintain over the intermediate term. In fact, the 10 year may look less like a “safe haven,” and more like it just got “52 inches of rain” poured on it as the Treasury returns full speed to fund government relief operations as well as expanding military operations. In addition, should a corporate tax cut actually be passed later this year, and that proposition is still a big if currently iphone xs max shockproof case, the funding needs of the government will likely spike interest rates even higher.Beware of Loosely Correlated News Analysis Loosely correlated news analysis tying the 10 year Treasury rally to safe haven buying sounds good, but is very misleading in explaining why the 10 year has trended back to 2016 Election Day levels.
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