The Bond Bubble?

Yields at the long-end of the yield curve are near their lowest levels in nine months. Have you ever noticed that the media never questions the judgement of the bond market? There’s no such thing as a bond bubble. That only holds for stocks and real estate. Bond traders are somehow always right. Same thing for oil traders. Funny how they’re immune from being irrational.

Posted by Eddy Elfenbein on November 28th, 2006 at 10:05 am

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