Can you please comment on long-term bonds? – I understand that with the deflationary outlook, treasury bonds should raise in price (yields go down) over the next two years or so. On the other hand, we seem to have made an important high with the double-top January / March. For the perspective RE buyer, housing prices will surely decline further. However, almost equally important is the trend in mortgage interest rates. It would be great to hear some more as also in the special report it was only briefly covered.
Thanks, Joe