So, the lower inflation goes and the more and more investors believe that inflation will stay low, the better it is for the bond market.
If you do believe 4% is the top,
If he continues to believe that a flat curve is indicative of economic weakness, the hand-off may be one in which we stop at 4.5 percent.
I firmly believe this is going to catch on.
Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.
If we had to forecast (and we do), we believe a range of 3 to 4½ percent for 10-year nominal Treasuries will prevail during most of our secular timeframe,