“I like the phrasing from Robin Angus in the latest quarterly letter of the Personal Assets Trust Plc:"The lists of bond prices in the financial papers these days look to me like an extended financial suicide note ― huge risk in exchange for very little return".

Eoin Treacy's view Thank you for this quote and I agree.

The Merrill Lynch 10yr+ Total Return Index has been ranging, mostly below 2000 since July in a marked loss of momentum. However a sustained move below the 200-day MA, currently near 1975, would be required to confirm top formation completion.