From the Desk of Ian Culley @IanCulley
US Treasuries are taking a back seat to risk assets.
Bond market volatility is declining. Credit spreads are tightening. And Emerging Market high-yield bonds ($EMHY) are breaking out.
Meanwhile, stocks are posting new all-time highs.
So, how high will interest rates climb over the near term?
My gut tells me not far — at least not in the coming weeks or months…