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08 July 2021
6 min read

What's Going On?!

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I thought yields were meant to be at like 3% by now?!

I thought we were meant to be praising the bond vigilantes for being right?

I thought that we were meant to see a treasury yield curve steeper than Everest?!

Clearly not.

I'm going to outline why I think we are in this current regime (nothing has changed, by the way) and where we're headed next, since I think it's pretty important to highlight for future reference.

Where have we come from?

Let's go back to the start of the year.

I'd sent you these two articles, outlining

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