Bonds do a sharp, and abrupt U-turn.

Bond yields drop like a rock.

Bond yields are getting cracked hard today.  Finally, the market is catching up to the data and no longer embracing the hope of something that will never happen.   Inflation fell flat on its face and will continue lower and lower.  The Trump administration is a complete wash.  There will be no significant, meaningful legislation that will get this country pushed forward.  Demand is down.  Retail sales are slumping.

This is the start of a very long move lower in bonds.  The US Dollar is getting clocked and I expect that to continue for some time.  The U. S. consumer is out of gas with debt yields as high as they can get.  This economy is coming to a screeching halt.

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