Friday, July 28, 2006

M-2 has finally exceeded its monthly average (see http://www.dallasfed.org/data/data/us-charts-cond.pdf). The Fed's huge cash infusions in July are starting to make a difference and may create normal yield curves soon.

5 comments:

Anonymous said...

Hello Debra,
I know this is an impossible question, but how long would you estimate for the long bond..say 20 yr and/or 30 yr to get to 7% or above which I believe is the average?

Also..when are you coming out with your next book?..One suggestion would be to tie together your market timing ideas with optimal portfolio selection. I could really use that kind of info at this time in my investing life...Morey

Deborah said...
This comment has been removed by a blog administrator.
Deborah said...

Dear Morey,

It may take a long time for the long bond to reach 7%; the average is closer to 6%.

I have no plans yet for a 2nd book but love your suggestion to elaborate on portfolio selection. Come to my seminar at the NY Institute of Finance in NYC on 9/22 for that information.

Best,
Deb

Anonymous said...

Hello Debra,
I would except that I live on the West Coast..though I am from the NY area originally...Morey

Anonymous said...

http://www.smartmoney.com/onebond/index.cfm?story=yieldcurve

Hello Debra,

Regarding average yield on long bond, if I go to the above website where it charts the yield curve, and click on the average yield curve button, it tells me that the average yield on long bonds is close to 7.5%!!! Morey