The BondBeat
US RATES within a global MACRO focus
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(belly leading selloff on 'statistically weak' volumes) while WE slept; bad news IS good; DFS chargeoffs; COLAs good (but not good 'nuff); yields 'bout to DROP (RoC...)Good morning … HIMCOs quarterly updated was posted and I’ve mentioned it HERE, in the case you’ve not seen or heard. I’d ALSO note with BoJ and YCC…

(touch steeper, strong volumes) while WE slept; soft landing narrative dead? foreign private buyers BOUGHT and China sold (again); debt ceiling drama GUIDE (WFC); HIMCO bullish; some 30yy levels ...Good morning … Foreign PRIVATE buyers were buyin … ZH: China Cut Treasury Holdings Again In November As World Piled Into US Stocks ALL the details from…

(USTs higher, flatter on nearly DOUBLE avg volumes -- thanks BoJ!) while WE slept; and long bonds 'threatening an irregular topping structure BELOW 3.405/3.355%'Good morning … Three things since last we left which are responsible for yesterday - and last night … I’ll begin with an uncharacteristically short-term…

(USTs lower, steeper on about avg volumes) while WE slept; CHINA: blowout Q4 data; BoJ next source of global macro risks; "Bonds Over Stocks: The New 60-40 Portfolio" -WSJGood morning … Not sure WHY this (simple, sans BBG) view of 30yy slows me down, Momentum (stochastics — bottom panel — crossing from overBOUGHT…

sellside observations from the week that was AND which will be (Jan 16): "Highest Bond Inflows In 18 Months"; updated (LOWERED) rate calls; sell 10s (outright) but then, buy vs...Good afternoon and what a week just passed … ZH: Stocks, Bonds, Gold, & Crypto Soar As Markets Call Fed's Bluff The world and his pet rabbit appear to…