Good morning. Bostic and Bowman and Bill Gross — yesterday was Fedspeak (and Bondspeak) brought to us by the letter “B” Bloomberg: Fed's Michelle Bowman said inflation could fall toward the 2% target with interest rates held at current levels, and offered potential backing for lowering borrowing costs if price pressures fade.
Sometimes you have to procure the property before the furniture LOL! I speak from experience, I started w/lawn chairs, coffee table, and 19" tv & stereo in my 1st real apartment (studio & hotel rooms w/o oven & bathroom don't count right?!) at the ripe age of 20! I had a girlfriend and Nintendo SNES back then, more than I can say now. I can't currently afford Hoeflation (h/t to ZH!) LOL HAHA
Wild BondKing Bill sure nailed those 10 yr trades right! Seems the 4% & 5% handles are BIG....does that mean 4.5% 10 yr is Just Right? And who in their right mind would buy 4% yielding 10 yr when you get well over 5% going out 6 months or less? Besides those highly leveraged big Bond Traders? Thus the cries for rate & QT cuts?! Maybe CA Teachers Pension? (you see that story, they're borrowing $30B for ongoing payouts instead of getting Bent Over selling Fire Sale Assets? Oops I have a CalPers pension I better stop PROJECTING! Can you say PONZI? Hey rhymes w/Fonzi I did love Happy Days!)
Sometimes you have to procure the property before the furniture LOL! I speak from experience, I started w/lawn chairs, coffee table, and 19" tv & stereo in my 1st real apartment (studio & hotel rooms w/o oven & bathroom don't count right?!) at the ripe age of 20! I had a girlfriend and Nintendo SNES back then, more than I can say now. I can't currently afford Hoeflation (h/t to ZH!) LOL HAHA
:)
Wild BondKing Bill sure nailed those 10 yr trades right! Seems the 4% & 5% handles are BIG....does that mean 4.5% 10 yr is Just Right? And who in their right mind would buy 4% yielding 10 yr when you get well over 5% going out 6 months or less? Besides those highly leveraged big Bond Traders? Thus the cries for rate & QT cuts?! Maybe CA Teachers Pension? (you see that story, they're borrowing $30B for ongoing payouts instead of getting Bent Over selling Fire Sale Assets? Oops I have a CalPers pension I better stop PROJECTING! Can you say PONZI? Hey rhymes w/Fonzi I did love Happy Days!)