With the caveat, if bonds continue lower, a breakdown in ZB and breakout in 30-year yield correlates with about 5 percent interest. That isn't a crazy target when considering the Federal Reserve is talking about a 4-percent Fed Funds rate. I do expect deflation and a rally in long bonds, but if I'm wrong, it isn't a wild target. It would take ZB and TLT back to 2007 levels of around 110 and $90 per share. Note that TLT is dividend adjusted, remove that and you will see TLT at $90 when the yield was around 5 percent.I'll also not that the new buzzword from Fed watchers is a 5 percent Fed funds rate.
Europe Scraps Net Zero, Biden Should But Won’t, Why?
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"Unaffordable climate commitments have two leftist British parties racing
to exit stage left."
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