Being early on bond yield peak

While others are reporting today’s moves in bond yields…..

Interest Rates are extended

…..this note and preceding editions of my ‘Macro Extremes’ post highlighted stretched heights in 2 year bond yields….

although my reading of the tape now says that it’s not a one way move towards middle to longer term mean reversion.

Perversely, they may be a another chance to buy bonds at the same or higher yield in weeks/months to come.

March 14, 2023

by Rob Zdravevski

rob@karriasset.com.au