Don’t Be Fooled. Treasuries Aren’t Cheap Yet

Treasuries might look cheap against stocks, GDP and the global cycle, but on their own historical terms they have more to fall before they become oversold and ready for a...

By Simon White · Bloomberg Markets

Treasuries might look cheap against stocks, GDP and the global cycle, but on their own historical terms they have more to fall before they become oversold and ready for a durable bounce.