U.S. Long Bond: Panic Buying

By |2016-12-01T15:45:00+00:00January 29th, 2015|Categories: Technical Perspective|Tags: , , , |

The demand for long-term Treasury bonds has reached panic proportions. A casual inspection of price history suggests that the rally since December 2013 is “too steep, too fast.” An alternative measure of intensity – the ratio of 30-year to 10-year bond prices – is also flashing red. The price of 30’s relative to 10’s is rising at a pace not seen since the panic of 2008. Can an important top be far ahead?