"Interesting that with all the talk about "rising interest rates" the real cost of money, whether its the U.S. 10 year or the Canadian 10 year is around the same as it was back in late April.... despite the central banks raising rates twice in that time"
Again, the bond market is telling you that they cant materially raises rates, and if they do the bond market is telling you they will have to be cutting rates in 6 months to stimulate a bad economy ( caused by raising rates ) .....
You cant make this crapp up