sellside observations from the week that was AND for the one just ahead (Feb 6) as "The Fed Fights the Fed" and lets play 'debt ceiling chicken' (WSJ)
thebondbeat.substack.com
Good afternoon. I hope this short note finds you well and staying warm. I ALSO hope that it finds you having sold 10yy against 200dMA (3.367%) … If so, yer brilliant AND should likely play Powerball before this evenings drawing? Look, the fact of the matter IS that with refunding coming up this week, a bit of a breather — ie CONCESSION — cannot be considered a bad thing NOR a surprise as the bond market (10yy above, for example) sees momentum moderate from overBOUGHT to less so. Should this continue, who knows, maybe they’ll ultimately look CHEAP … For me to say WHEN that might be, well, likely better chance of me hitting Powerball …
sellside observations from the week that was AND for the one just ahead (Feb 6) as "The Fed Fights the Fed" and lets play 'debt ceiling chicken' (WSJ)
sellside observations from the week that was…
sellside observations from the week that was AND for the one just ahead (Feb 6) as "The Fed Fights the Fed" and lets play 'debt ceiling chicken' (WSJ)
Good afternoon. I hope this short note finds you well and staying warm. I ALSO hope that it finds you having sold 10yy against 200dMA (3.367%) … If so, yer brilliant AND should likely play Powerball before this evenings drawing? Look, the fact of the matter IS that with refunding coming up this week, a bit of a breather — ie CONCESSION — cannot be considered a bad thing NOR a surprise as the bond market (10yy above, for example) sees momentum moderate from overBOUGHT to less so. Should this continue, who knows, maybe they’ll ultimately look CHEAP … For me to say WHEN that might be, well, likely better chance of me hitting Powerball …