(USTs higher, flatter on above avg volumes) while WE slept; rate CUTS in March (? Apollo ?) vs "Global liquidity: The honeymoon looks to be over" (BNP) ...
(USTs higher, flatter on above avg volumes) while WE slept; rate CUTS in March (? Apollo ?) vs "Global liquidity: The honeymoon looks to be over" (BNP) ...
Good morning … Okie dokie … I’ll spare you the Field of Dreams (build it and they will come) video where ‘IT’ is concession (ie 2yy over 5%) and note, BMO - 2-year auction stops through 0.1 bp -- middling stats Today's 2-year auction was decent with a stop through of 0.1 bp and non-dealer bidding of 86.0% vs. an 83.3% average…
As a Gold Bug-anarcho capitalist-sound money man, I take great issue with the statement 'gold is more volatile than equities'. Um that's a big HELL TO THE NO! It's not gold that's volatile it's the underlying currencies in which gold's prices in. Look at Alisdair MacLoed's chart of oil priced in both gold and dollars. The stability of oil priced in gold vs dollars....well only blind squirrel can't see the difference!
Thanks, I'm truly flattered you respond and I get the chance to banter and learn from the likes of a pro like yourself. That said, HOPE ain't a strategy! I'm pulling for Powell Big Time to end the Fed Put, but it's usually an elevator ride down for rates. Hopefully there's an airbrake at 3% FFR! I'm actually getting the Willies-oil gold yields currencies going HAYWIRE!
As a Gold Bug-anarcho capitalist-sound money man, I take great issue with the statement 'gold is more volatile than equities'. Um that's a big HELL TO THE NO! It's not gold that's volatile it's the underlying currencies in which gold's prices in. Look at Alisdair MacLoed's chart of oil priced in both gold and dollars. The stability of oil priced in gold vs dollars....well only blind squirrel can't see the difference!
No one here actually gives any credence to that symmetrical fall projected in the future overnight FFR next yr, right?
not sure ... thinking there's still some fair amount of HOPE (market) with healthy dose of official skepticism (dots plots)
Thanks, I'm truly flattered you respond and I get the chance to banter and learn from the likes of a pro like yourself. That said, HOPE ain't a strategy! I'm pulling for Powell Big Time to end the Fed Put, but it's usually an elevator ride down for rates. Hopefully there's an airbrake at 3% FFR! I'm actually getting the Willies-oil gold yields currencies going HAYWIRE!
😀
Agree Q4 should be slower in theory......
$DXY going higher in the face of a Gov't Shutdown....
Some Portfolio Managers would Rather Lose money, than change their 60/40 Bond exposure..
I know one.........I guess it's not his personal money he's losing, so Arrogance Trumps Intelligence
in the short run for some...His Bond Fund holdings are getting killed.
I'm a believer in a 5 % MM or 2 year note for FI, that's as much Risk in FI, as I want to take.
Interesting to me the 10 Breakevens don't vary much. Right around 2%, plus or minus .5%,
for the last 25 years... Low Vol, Low Absolute Number - 2%
I'm going out on a limb and saying the Higher for Longer will accomplish just as much as another
Rate Hike...and I think the FED Officials are Jawboning and will not Hike again.
Jamie Dimon is harder to explain....First, I don't care for his Politics and Second, he may just like
to hear himself talk and read his own headlines.....I guess he's smart, but I don't find him particularly
helpful or down to earth.....Elitists(me shaking my head).
Great work, as usual !!!!!!!!