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10Y Spikes Over 3.00% Or Copper Crashes – What Happens Next?

The spread between 10Y Treasury yields and the ratio of copper-to-gold has never been wider as the former signals recessionary economics (flattest curve since 2007) and the latter reflationary recovery (highest in 3 years)… so who is right? Bond yields are sliding as Gundlach's favorite signal (copper/gold) soars… implying 10Y over 3.01% (75bps higher than […]