Monday, December 3, 2018

The two to five

2.83 and 2.84.  The market sees no additional risk to holding the five year over the two.

Why? Because the two is already to high, it has already factored in the risk which all seems to be unfolding in the next two years, then peace and quiet after that.  Put it another way, governments gets debt under control in two years or central banks in deep doo doo.

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