As stocks surge to record-er-est highs, so bond yields and the yield curve are collapsing further…
Buy all the things…
So much for that ‘tantrum’… 10Y Bund yields are tumbling…
Treasury yields are erasing the tantrum spike too…
Perhaps Gundlach was right – Gross’ bear call was premature?
And the US yield curve continues to collapse…
And while bank stock prices do not care, Citi’s Net Interest Margin slid to an all-time low…
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