PremiumVIX Hits Trump-Term Lows As Yields Hit 30-Year Highs; Goldman Partner On The Markets' Paradox
So here we are in the middle of a long Labor Day weekend... with 10Y JGB yields at levels last seen when most of today’s fund managers were still learning how to use a Bloomberg (or just evolving from diapers), and Gilt 30s back at 1998 highs - global duration is getting clubbed like a baby seal (or dolphin) all summer… and the VIX is printing fresh lows.
MSCI World is +13% and kissing record highs...