US 10 year Treasury yield still signalling “risk off”
Here is the latest update on the US 10 year Treasury yield, which has served as a useful sentiment barometer over the past many years. So far yields remain in a down trend, suggesting the contraction in risk asset prices is not yet complete and the US dollar and bond markets are still receiving relative safe-haven in flows of global capital.
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Interestingly as European leaders continue to meet, to meet, to meet, we note the exact opposite trend in European bonds, where prices are falling and yields are spiking across most sovereign markets. Here is a snap shot of french bond yields relative to german bond yields, France being one of the deemed stronger nations who are being asked to rescue Club-Med (Greece, Spain, Italy, Portugal, Ireland).
About Danielle Park
Portfolio Manager, attorney, finance author and a regular guest on North American media, Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog:www.jugglingdynamite.com
Danielle worked as an attorney until 1997 when she was recruited to work for an international securities firm. Becoming a Chartered Financial Analyst (CFA), she now helps to manage millions for more than 200 of North America’s wealthiest families as a Portfolio Manager and analyst at the independent investment counsel firm she co-founded Venable Park Investment Counsel Inc. www.venablepark.com. In recent years Danielle has been writing, speaking and educating industry professionals as well as investors on the risks and realities of investment behaviors.
A member of the internationally recognized CFA Institute, Toronto Society of Financial Analysts, and the Law Society of Upper Canada. Danielle is also an avid health and fitness buff.