08/08/18

Trader Warns "The Entire World Is Explained By 10-Year Yields"



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Trader Warns "The Entire World Is Explained By 10-Year Yields"
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Former fund manager and FX trader Richard Breslow has an uncomfortable message for the investing world today:

"It's time to finally admit that fixed-income markets are the only ones capable of expressing an honest picture of the world.

And the picture they paint with 10-year Treasuries, bunds and JGBs at recession-level yields is something that can't any longer be blithely explained away as some technical distortion. "

It doesn't matter to -- or perhaps it is ....

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