Tom McClellan: Treasury-Bund spread rise seen as bullish

Tom McClellan: Treasury-Bund spread rise seen as bullish
Treasury-Bund spread rise called bullish

Tom McClellan described the rising Treasury-Bund spread as a bullish indicator in his latest Chart In Focus article.

He posted that the article is available on his home page and said a direct link will be provided in a reply.

McClellan has recently analyzed historical drivers of bond markets, arguing that bond yields and mortgage rates often follow gold price moves from 20 months prior. He has also reported on currency markets, highlighting the Mexican peso's 9.1% decline since its September 4 peak. These observations add context to his current focus on relative moves in sovereign debt markets.

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