The Last Time This Happened, US Equities Crashed
by Tyler Durden
ZeroHedge.com
Aug 10, 2016
Something extremely unsusual just happened. The post-Brexit, post-QE collapse in UK Gilt yields has extended the ‘cheapness’ of US Treasuries to over 100bps. This is the widest absolute spread since May 2000 but at almost 3x, this is by far the greatest relative differential in history.
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