Jim Bianco
@biancoresearch
Macro investment research at
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The ETF WTBN tracks our Index.
biancoresearch.eth
Joined September 2010
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A few days ago, I argued that excessive debt wasn't driving yields higher (link).
The repost is my argument for why yields are moving higher, and why they are no longer expensive.
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For years, yields were below where the economy said they should be. That is no longer the case.
