With little statesmen, philosophers and divines all banding together saying that Treasuries will be decimated for this or that reason (China/U.S. Debt/Dollar weakness/etc.), I smile when the above chart is presented.
They have all made the simple mistake of thinking that monetary policy does the same thing no matter what contextual landscape it resides in. It does not. I have written about this multiple times on this blog coupled with my opinion regarding Treasuries.
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