(USTs bull flattening on ~190% of 30d avg volumes)while WE slept (China data); mtg rates + gas prices = PAIN; "Pain Trade Is For A Steeper Yield Curve"; "Bond v Stock Barometer"
(USTs bull flattening on ~190% of 30d avg volumes)while WE slept (China data); mtg rates + gas prices = PAIN; "Pain Trade Is For A Steeper Yield Curve"; "Bond v Stock Barometer"
thebondbeat.substack.com
Good morning … Weak data overnight (China) has given bond markets a(nother)BID. This presents a ‘challenge’ as an increasing amount of Treasury supply will have to be digested. At the same time, it gives us all something to talk about in as far as what exactly we’re importing from China (de / dis - inflation) and so, is the Fed ultimately going to be ‘winning’ on all fronts?
(USTs bull flattening on ~190% of 30d avg volumes)while WE slept (China data); mtg rates + gas prices = PAIN; "Pain Trade Is For A Steeper Yield Curve"; "Bond v Stock Barometer"
(USTs bull flattening on ~190% of 30d avg…
(USTs bull flattening on ~190% of 30d avg volumes)while WE slept (China data); mtg rates + gas prices = PAIN; "Pain Trade Is For A Steeper Yield Curve"; "Bond v Stock Barometer"
Good morning … Weak data overnight (China) has given bond markets a(nother)BID. This presents a ‘challenge’ as an increasing amount of Treasury supply will have to be digested. At the same time, it gives us all something to talk about in as far as what exactly we’re importing from China (de / dis - inflation) and so, is the Fed ultimately going to be ‘winning’ on all fronts?