Low yields move lower as slow growth gets slower

Global growth data this week has been disappointing for the bulls. Geo-political strife is only weakening prospects all the more. The US 10-year yield has today officially given up the ghost on the 2.40 level it broke above in the ‘tapper tantrum’ of May 2013…2.20 is the next downside test.
10 year Aug 15 2014

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