From Chief Investment Officer Tom Veale,
When the 2022 Tax Selling Season ended, market participants seemed to need new homes for their investing dollars. Not interested in shelter with cash, they seem to feel medium term bonds are the place to wait. The 10 Year Treasury Coupon Rate is stated to be 4.125%/Yr but they are being purchased at a premium, giving the bonds an effective yield of around 3.5%/Yr. One way of looking at this shows bond buyers are paying almost an 18% premium for those bonds.
SignalPoint’s Market Risk Indicator continues to trend modestly downward even with some speculative push and valuations which don’t appear to be a bargain right now.