The Basis Trade: Is The Bond Market Signal Distorted?
· seekingalpha.com
Long-dated Treasury yields spiked to levels not seen in decades, with the 30-year touching a 19-year high above 5.30% mid-week and the 10-year closing Friday at 4.738%, near a 20-month high.
After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty muc...