As discussed, it is impossible for a market to do what you think (it should do) if everybody is on the same side,? Scott Wolf, CEO of Grace Century, commented in relation to a recent article on 10 year Bond yields in the U.S. “If everyone is one way, that means everyone has already positioned themselves and placed their bet. In other words if everyone has bought, the only thing left to do is sell–or in this case covert short yield positions.”
By BEN EISEN
NEW YORK (MarketWatch) October 21, 2014 ? Just about six months ago, a headline flashed across the top of MarketWatch?s home page. It read: ?100% of economists think yields will rise within six months.?
The April 22 report was based on a Bloomberg survey of 67 economists, all of whom expected the 10-year Treasury note 10_YEAR, -0.40% yield ? which closed at 2.73% that day ? to rise over the following half year.