Some smart investors in Tokyo again injected a small dose of sanity into the absurd euphoria across all markets all over the globe.
Record Low Yields
10-year German bund yield touched 0.42%, a record low.
Japan’s 10-year yield fell to 0.155%, a record low.
In the U. S., 10-year Treasury yield has fallen to 1.66%.
10-year Russian bond yield fell to 8.6%, the lowest level since 2014.
Smart Money is lightly selling oil and natural gas.
Interest rates are drifting down and bonds are moving up.
Currencies are volatile in a small range.
Our very, very short-term early stock market indicator is negative.