Thursday, October 28, 2010

Another important bond yield - Ireland

The yield on Ireland 10 year bonds has hit a new high.

It looks like there is strain creeping back into the markets, but it hasn't caught up with equities yet.

Meanwhile, investors are positioned extremely bullishly (evidence includes COT reports, put/call, and AAII survey). They could get the wrong way here which would cause a nasty crash.

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