As inflation expectations continue to ease again (daily chart)…
The 30 year Treasury yield (AKA the Continuum) has crossed back below the line of demarcation (monthly chart).
These indicators are completely in line with the reflationary bounce-a-thon in commodities, resources and of course Treasury yields, that was just a ‘bounce only’ as indicated by the existing trends.
As we head into Q4 the picture is still far from clear. Don’t let promoters of any given dogma or ideology tell you otherwise.
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