Buy gold on the Treasury bond market intervention, says Deutsche Bank - CNBC
Buy gold on the Treasury bond market intervention, says Deutsche Bank - CNBC
Source: CNBC
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DW NOTE
Deutsche Bank is telling clients to front-run bond market disarray with gold. Translation: they see Treasury demand breaking before the Fed announces it. The 10-year already yields 4.69% with the deficit running $1.4 trillion through June—3% above last year's pace. When dealers start recommending gold as a hedge against your own government's debt market, that's not portfolio diversification. That's a vote of no confidence.