We made a year end comment last year, here at asymptotix, which was popular and commented upon, something to do with the yield on the ten year, if I remember correctly.

Well; reading the Capital Markets section of the Financial Times this morning,(yes I do habitually read that newspaper 'back to front' (have done for years)); I felt another year-end comment coming on. Not to be a drama-queen about the 'state of things' (heaven foerfend) but this capture of the FT Capital Markets page of today, 29th December MMX, in my view says it all and as Geoffrey Boycott described Ricky Ponting's "shouting" at umpire Aleem Dar in the 4th Ashes Test, the other day, "This is not Good", "This is not Good"! What? Why? I hear you ask! Well, Yields are rising, all over the world, just look at the Swiss Franc yesterday as correlation, Yields are Rising in a a context of Crowded Out bond markets, Crowded Out with Sovereign Paper which noone understands with a forward supply chain which cannot be accurately quantified. Geoffrey Boycott's remark is correct; "This is Not Good", "This is Not Good"!

Maybe inappropriate given the above but can I wish "all our readers" (as the Beano Christmas Annual used to say) the traditional Ghàidhlig new year blessing (which undoubtedly someone will tell me I have spelt incorrectly); Bliadhna Mhath Ur!