(USTs bull steepened overnight on strong volumes)while WE slept; "Asset managers are still bullish on duration, but less so than 3 months ago" and ... ReSale TALES
(USTs bull steepened overnight on strong volumes)while WE slept; "Asset managers are still bullish on duration, but less so than 3 months ago" and ... ReSale TALES
thebondbeat.substack.com
Good morning … ReSale TALES beat (more on that below) and set the table for a terrific Tuesday … I’ll pause and reiterate how very often these figures — priced as FACTS here / now — are REVISED — thereby earning nickname … I suppose the data was SO good it was BAD enough (for stonks) and so, it was GOOD for bonds, as initial / knee jerk reaction was for USTs to be BOUGHT cuz, you know, stocks got the joke — rate CUTS may NOT be so … um … imminent?
(USTs bull steepened overnight on strong volumes)while WE slept; "Asset managers are still bullish on duration, but less so than 3 months ago" and ... ReSale TALES
(USTs bull steepened overnight on strong…
(USTs bull steepened overnight on strong volumes)while WE slept; "Asset managers are still bullish on duration, but less so than 3 months ago" and ... ReSale TALES
Good morning … ReSale TALES beat (more on that below) and set the table for a terrific Tuesday … I’ll pause and reiterate how very often these figures — priced as FACTS here / now — are REVISED — thereby earning nickname … I suppose the data was SO good it was BAD enough (for stonks) and so, it was GOOD for bonds, as initial / knee jerk reaction was for USTs to be BOUGHT cuz, you know, stocks got the joke — rate CUTS may NOT be so … um … imminent?