Albert Edwards, strategist at Societe Generale, commented that of all the moves seen in the last few weeks, perhaps the one that surprised me the most was the dramatic rise in yields on inflation linked bonds, outdoing the rise in yields seen on conventional bonds. To be fair, the dramatic sell-off in bonds began right at the start of May when T-Note yields bottomed at 1.63 percent, well ahead of Bernanke’s speech last week. The bloodbath in the bond markets has led some commentators to see this as the end of the long bull market. Indeed, a recent Bloomberg article …
Albert Edwards Doesn't Think We Have Escaped The Ice Age
HFA Staff
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