This inflation phase is done, so says the bond market
It is as I’ve been saying for at least a half a year now; inflation is done. For this cycle at least.
The 2 year Treasury bond yield says the inflation phase is done (owning short-term Treasury bonds is not and has not been a bad idea).
The 10 year Treasury bond yield says inflation is done as it slips the daily SMA 200 again.
The 30 year Treasury bond yield says so as well as it ticks below the SMA 200.
As to this last one, a drop through 3.4% would probably bring on a deflation scare of some kind. Then the question would be what will the Fed do? Or what will the Fed not be able to do or choose not to do? Eh? The next inflation cycle is likely a long way out. Like, a long way.
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