(USTs little changed on extremely LIGHT volumes) while WE slept; some 'charts for the beach', CPI precaps and a rate cycle 'unlike any other' = different this time?
(USTs little changed on extremely LIGHT volumes) while WE slept; some 'charts for the beach', CPI precaps and a rate cycle 'unlike any other' = different this time?
Good morning … with two auctions down and only one LONG bond to go, I gotta ask … #GotBONDS? Rate stratEgerists still seem to be drinking this very same Kool Aid, Reuters poll: Bond strategists cling to forecasts for declining U.S. yields … The median forecast for the 10-year Treasury note yield was 3.60% in six months, a slight upgrade from 3.50% in a July survey, and compared with 4.03% on Wednesday and a cycle high of 4.34% last October, the Aug. 3-9 poll of 41 strategists showed.
Brandon better reopen those SPR spigots ASAP, I really don't believe the jobs numbers. FT jobs Down, PT jobs UP. Great charts! Very educational TY!