Just over a month ago, [5]business media went manic when none other than David Tepper announced that it was "the beginning of the end of the bond market rally." His word is truth and thus the world bid stocks, offered bonds and all was well in the world of status quo believers for a day or two... but then reality hit again and macro fundamentals, and collateral shortages, and so on... and now Treasury yields have broken below the Tepper-yield lows (with the 30Y -16bps from the 'end' of the bond bubble)... perhaps the hedge fund momentum master should stick to stocks - at least they are risk-free... oh wait.
Treasury yields from the Tepper-lows...
[6]
Chart: Bloomberg
