inflectionpoint49ersUS Rates Valuations, BofA Interesting Valuation Approach!
#InflectionPoint Somehow I see the point. Coming from over 30 years bull market, it is somehow hard to switch the mindset. However, the fact is that US 10-year real rates plus the 10y - 3M slope are at the lowest point since the 50s. Hard to be long unless one is sure about the incoming recession! Germany 🇩🇪 ain’t looking better (worse actually) with 10y rates at 2.7% and inflation still above 6%.
https://inflectionpoint.blog/2023/09/us-rates-valuations-bofa-interesting-valuation-approach/
US Rates Valuations, BofA Interesting Valuation Approach! - Inflection Point
#InflectionPoint Somehow I see the point. Coming from over 30 years bull market, it is somehow hard to switch the mindset. However, the fact is that US 10-year real rates plus the 10y - 3M slope are at the lowest point since the 50s. Hard to be long unless one is sure about the incoming recession!