The Modi Rally in Bonds Charted

10yr yield

The 10yr yield has been a one way trade ever since the Modi effect took hold.


The curve has become flatter as well, with the 2s10s going back to 0.2 levels.

yield Curve.2013-09-02.2014-06-11

The entire curve has shifted down a few notches to make way for Modi. The curve above shows 2013-09-02 vs. 2014-06-11.

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