70% chance of a 0.75% rate cut???? Yeah right! This reminds me of the same people -be it fool people- who purchased dotcom shares.
ROFL. So true. Funny we only hear about stock bubble, nobody seeing a bond bubble? What on earth is the 10y doing at 116/117?
The 117 handle? Take your pick. 1) It's a flight to quality. 2) It's a flight to madness. 3) It's a flight to buy something that will plunge in value after a 75 basis point easing takes place.