Being early on bond yield peak

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

https://robzdravevski.com/2023/03/10/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