Four Charts Show Treasuries Are Still in a Bull Market
- Longer-term inflation expectations approach the target rate
- Yields are pulling back from their post-election peak
Gluskin Sheff's Rosenberg: Too Much Negativity on Bonds
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Bill Gross’s threshold for calling the end of the three-decade Treasury bull market keeps slipping out of reach.
The U.S. 10-year yield climbed to a two-year high of 2.60 percent in December, as assets around the world were buoyed by the reflation expectations sweeping markets in the wake of Donald Trump’s election victory. Gross said last month that breaking that technical level on a weekly or on a monthly basis would signal a bear market for bonds. Since then, the benchmark has retraced to 2.42 percent.