Gerry pregunto: Could you give me some smaller notes? <a href=" http://www.axionhealth.com/cheap-pharma-greens.pptx ">top 200 generic drugs by units in 2006</a> All of the above would suggest there is little likelihood that the 10-year yield will rise above 4% anytime in the near future. In fact, we would suggest that the yield on the 10-year is unlikely to rise above 3.50% over the next 12-18 months and we consider a move to 4% or slightly higher as an unlikely event over the next two years. If we are correct, more than half the increase in yields is already behind us. It has been a sharp and painful move higher, but continued monetary ease coupled with weak growth is likely to place a cap on the 10-year and something below 4%. |
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