Birchtree
Well-known member
It's what the bond market is telling the hurd. After a disappointing employment report raised fresh worries about economic weakness and the risk of deflation, investors scrambled to buy relatively safe Treasury bonds. Yield, which move in the opposite direction of price, fell to historic new lows. The moral of this is don't follow the hurd. The bond market has remained a picture of bearishness - not my cup of tea.