In our Sep 24 update [see: Oil Prices Pressure Bonds] we noted the effect of rapidly rising oil and gas prices on the inflation outlook which, in turn, resulted in a sharp rise in the 10Y – from 3.61% to the current 4.62%.
But, the bigger threat to equity prices appears in our yield curve model, which reflects the potential for significant downside if the bond market continues on its current path.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |