Wall Street Trapped In The Inability Of Yields
Many important assets have been trapped in broad trading ranges in recent years despite substantial political upheaval Some examples are the US Treasury 10-year yield which moved between 1.5-2.5% for 3 years or the German Bund 10-year yield between 0-1% for 3 year. According to BoAML, “this inability of yields, the US dollar & volatility to break out reflects the inability of the economic cycle to generate strong growth & inflation.”