Gary Shilling: Why Bond Yields Are Sending Stocks a Scary Signal – ThinkAdvisor
Gary Shilling. (Photo via Gary Shilling)
There is no shortage of investors shrugging off the latest leg lower in U.S. Treasury bond yields, saying heavy central bank involvement in this part of the financial market make such moves less of a signal that the economy or that equities are headed for trouble.
That interpretation would be a mistake.
Recall that yields on 30-year government bonds…
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