Biotech Values

[zipjet]

It's funny that rates* could almost triple* from today's rate to get back to the rates that existed when you posted that August 2010

BUT will they?

Rates plunged in the 1980-90's in Japan and have not recovered:

http://www.gecodia.com/Japan-Government-10Y-Yields_a1305.html

The most pervasive error being made by financial types is the proposition that interest rates will return to "normal" levels in months to a couple of years at most. And they have been saying this for years.

Ultimately, rates will be a function of economic growth.


ij


*Not sure which "rates" you are referring to. 10 yr T's are only 30 bps lower than they were in August 2010.