Deutsche Bank: This Is Where The Real Bubble Is

There is a bubble in the markets, Deutsche Bank analysis concludes. It is “The Real Bubble,” the title of a March 16 report that considers US interest rates, where a market imbalance is on the verge of being unmasked.

Real Bubble toil and trouble: The US Ten Year Note is at unnaturally low rates

With the US Ten Year Note yielding 2.5%, it is operating at “levels comparable to those seen at the depths of the financial crisis,” Deutsche Bank Chief Strategist Binky Chadha, Strategists Parag Thatte and Rajat Dua note.

So much has changed since the financial crisis. The unemployment rate, for instance, is now below 5%, nearly half the rate after...