(USTs bull steepened on ~30% avg volumes)while WE slept; "The biggest 2-week decline in bank lending in history"
thebondbeat.substack.com
Good morning … given this mornings lighter than LIGHT volumes (not to be dismissive OF some bullish steepening overnight which has essentially erased SOME of Friday’s limited bear flattening move), i’ll be brief. 2yy in context of some TLINES I’ve have been watching for awhile. Momentum seems to point bearishly (ahead of CPI and in wake of strong NFP — think HIKE) and that makes some amount of sense. Meanwhile … here is a snapshot OF USTs as of 715a:
(USTs bull steepened on ~30% avg volumes)while WE slept; "The biggest 2-week decline in bank lending in history"
(USTs bull steepened on ~30% avg…
(USTs bull steepened on ~30% avg volumes)while WE slept; "The biggest 2-week decline in bank lending in history"
Good morning … given this mornings lighter than LIGHT volumes (not to be dismissive OF some bullish steepening overnight which has essentially erased SOME of Friday’s limited bear flattening move), i’ll be brief. 2yy in context of some TLINES I’ve have been watching for awhile. Momentum seems to point bearishly (ahead of CPI and in wake of strong NFP — think HIKE) and that makes some amount of sense. Meanwhile … here is a snapshot OF USTs as of 715a: