Trade of the Century?  Remember that it was only 2 years ago that pundits where calling rising Treasury yields the “trade of the century”?  Most of those folks were early, and after repeated failed attempts to call the top in Treasury bonds or bottom in yields, most of these folks have probably just given up.  Most likely to focus on that other “trade of the century” – the one in equities.

Graphs

Figure 1. DJ Composite Index/ monthly

Figure 2. DJ Composite Index/ monthly

Video