The 10-year US treasury is indicating a substantial change in asset allocations in favour of bonds, as yields have returned to May '09 levels. This again has been a period where bonds and stocks have been rising together, and provides an early warning there may be trouble ahead for the economy and equities, as large investors are rotatingĀ away from "risk" trades, in the midst of stronger equity market liquidity.
Chart: ZeroHedge
