Surge In Consumer Confidence To 2008 Levels Sends 10 Year Yield To 2013 Highs

The last two months has seen ‘hope’ rise by its fastest rate in 18 months as this ‘survey’ of sentiment (as opposed to hard economic data) joins the UMich survey at pre-crisis levels of happiness. Of course one can cherry-pick the exuberant and dysphoric but we thought it interesting that the plans to buy a home, a car, or a TV within the next six months fell.


The reaction, equity prices and Treasury bond yields spike with the latter breaking 2013 highs to 13 months highs.
Please share this article