(USTs lower, steeper on SOLID VOLUMES) while WE slept; BoJs YCC surprise, expands target band to 50bps from 25bps; discount window usage on rise?
thebondbeat.substack.com
Good morning … 10yy are UP overnight on heels of the BoJ SURPRISE (statement) and I’ve taken the liberty to move the goalposts a bit and turn focus TO levels of support we’re now approaching… TLINE in place for about a year, bullish broken for a couple weeks, would suggest we watch 10yy at / around 3.75% (3.73%or so, really) while the 50dMA rests just above @ 3.83%. Momentum (slow stochastics) remains a bearish DAILY input and this, in my view, will continue to be 'the gift that keeps on giving’ as all sorts of correlations and USD related investments and TRADES are unwound (or put on — is THE
(USTs lower, steeper on SOLID VOLUMES) while WE slept; BoJs YCC surprise, expands target band to 50bps from 25bps; discount window usage on rise?
(USTs lower, steeper on SOLID VOLUMES) while…
(USTs lower, steeper on SOLID VOLUMES) while WE slept; BoJs YCC surprise, expands target band to 50bps from 25bps; discount window usage on rise?
Good morning … 10yy are UP overnight on heels of the BoJ SURPRISE (statement) and I’ve taken the liberty to move the goalposts a bit and turn focus TO levels of support we’re now approaching… TLINE in place for about a year, bullish broken for a couple weeks, would suggest we watch 10yy at / around 3.75% (3.73%or so, really) while the 50dMA rests just above @ 3.83%. Momentum (slow stochastics) remains a bearish DAILY input and this, in my view, will continue to be 'the gift that keeps on giving’ as all sorts of correlations and USD related investments and TRADES are unwound (or put on — is THE