caseyresearch.com / Justin Spittler / November 02, 2016
The biggest bubble in the world looks like it’s about to pop.
Over the last eight years, central bankers have blown all sorts of bubbles. They’ve blown bubbles in stocks, real estate, and even fine art. But none of these come close to the global bond market bubble.
You see, unlike other financial assets, bonds have actually been in a multi-decade bull market. In July, the yield on the 10-year U.S. Treasury hit an all-time low of 1.37%. (A bond’s yield falls when its price rises.)
Yields on German, Japanese, British, and even Italian 10-years also hit record lows around the same time. But they didn’t stay there long…
• Government bond yields have been rapidly climbing over the last few months…
Just look at the chart of the U.S. 10-year below. You can see its yield has soared from 1.37% to 1.86%. It’s now at the highest level since June.
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