10yr Breakeven has been rising for a few months now and is in a potential bottoming pattern.
The TIP-TLT ratio chart has broken a trend line.
And FOMC chose to punt once again. Come December they may not have a choice.
Not that they are blowing any bubbles or anything. No, people are just rationally buying junk bonds to new cycle highs despite rising Treasury yields for the sport of it. What a joke.
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