(USTs higher / flatter on above avg volumes) while WE slept; listen to the bond market (Gundlach); apparently it's different this time? (BLK, LPL)
thebondbeat.substack.com
Good morning … 10yr auction just ahead and so, Momentum setup appears to be overBOUGHT so lower rates today somewhat counter intuitive at least as far as concession for supply goes … Perhaps there is something in here as far as covering of a bet ahead of tomorrows CPI? Perhaps bond jockeys simply having nothing else better to do … they certainly did help with yesterday’s 3yr auction, a good (“blowout'“) 3yr auction wasn’t enough to save the (FI)day yesterday and I’m not sure
(USTs higher / flatter on above avg volumes) while WE slept; listen to the bond market (Gundlach); apparently it's different this time? (BLK, LPL)
(USTs higher / flatter on above avg volumes…
(USTs higher / flatter on above avg volumes) while WE slept; listen to the bond market (Gundlach); apparently it's different this time? (BLK, LPL)
Good morning … 10yr auction just ahead and so, Momentum setup appears to be overBOUGHT so lower rates today somewhat counter intuitive at least as far as concession for supply goes … Perhaps there is something in here as far as covering of a bet ahead of tomorrows CPI? Perhaps bond jockeys simply having nothing else better to do … they certainly did help with yesterday’s 3yr auction, a good (“blowout'“) 3yr auction wasn’t enough to save the (FI)day yesterday and I’m not sure