while WE slept (block BUYERS); a 'long inflation fight' ahead requires 'sustained' & positive REALZ; global AGG BEAR and beige not boring
thebondbeat.substack.com
Good morning … as 10yy have broken ABOVE 2018 cheaps and are set to challenge the cheaps of June (3.48), here’s a look a touch further OUT the curve which are already challenging YTD high yields, Momentum remains overSOLD and the market is steady TODAY … this is far from a good looking chart and I’ll be forced to redraw ‘lines in the sand’ if/when we break out ABOVE 3.50% but for now, here is a snapshot OF USTs as of 708a:
while WE slept (block BUYERS); a 'long inflation fight' ahead requires 'sustained' & positive REALZ; global AGG BEAR and beige not boring
while WE slept (block BUYERS); a 'long…
while WE slept (block BUYERS); a 'long inflation fight' ahead requires 'sustained' & positive REALZ; global AGG BEAR and beige not boring
Good morning … as 10yy have broken ABOVE 2018 cheaps and are set to challenge the cheaps of June (3.48), here’s a look a touch further OUT the curve which are already challenging YTD high yields, Momentum remains overSOLD and the market is steady TODAY … this is far from a good looking chart and I’ll be forced to redraw ‘lines in the sand’ if/when we break out ABOVE 3.50% but for now, here is a snapshot OF USTs as of 708a: