US Treasury Bonds
Inflation? What inflation? Look at the structure of the long bond ‘continuum’ and think
about the Fed buying into this trend by buying longer-term Treasury bonds. It is almost
as if they want to promote the fear of deflation. Why would they want to do such a
thing? Could it be that it is easier to keep the system running with inflationary
policy when everyone is afraid of the deflation? <--- Tin foil hat affixed tightly.
And here is the updated picture from the daily 30-year yield chart shown last week.
These levels once mandated the balls out inflation that launched ‘Hope 09’. The Fed just
announced something that propelled bond yields lower toward the point where they
would have a mandate to inflate. It is almost as if they want people afraid of deflation.
Sorry, I could not resist. It was a tough week. NFTRH is not going conspiracy theorist,
but it is written by a human with eyes, ears and a b/s detector.