Good morning / afternoon / evening - please choose whichever one which best describes when ever it may be that YOU are stumbling across this weekends note… Here is a MONTHLY look at 10yy as we head into a sleeper of a week from an economic funDUHmental point of view (calendars below) where the sole highlight will be Jackson Hole …
Folks muddling staying short benchmark retail continues to funnel $ into mm mutual funds so I’m trying to assess risks from both retail AND institutional investors having same duration call … not 💯 sure as to institutional bias (sees some interpretation of futures positions but without my Terminal only speculation…) .. have a great Jackson Hole week ahead!
Good work !!!
Can't help but think that "Confusion" might best describe the State of the Bond Market......
Lots of Smart People and still it's very unclear, which way the Economy and IRs, will go in
the next 6-12 months
Muddle Through....if I had to guess, but in this world you never know ???
Muddle through, sounds like you read John Mauldin too!
Folks muddling staying short benchmark retail continues to funnel $ into mm mutual funds so I’m trying to assess risks from both retail AND institutional investors having same duration call … not 💯 sure as to institutional bias (sees some interpretation of futures positions but without my Terminal only speculation…) .. have a great Jackson Hole week ahead!
I'm going to venture a guess in regards to the current economic state of the US: STAGFLATION