Gold Still Attractive as the Bond Selloff Looks Overdone
March 06, 2021 at 12:00 PM EST
Government bond yields have been rising steadily for the past three months, but they went parabolic in February, surging over 31%. The yield on the 10-year Treasury touched 1.6% last Thursday, up from 0.9% just a couple of months ago. That’s more than a two standard deviation move, suggesting the...