while we slept; can TLT reverse higher from 'historic' oversold level? have bond yields PEAKED? (see H&S); yesterday's data WILL matter to The Fed
thebondbeat.substack.com
Good morning … New home sales COLLAPSE in April (ZH) and 2y auction was solid, stopping THRU despite ‘plunge in yields’ (ZH). The fear of too much Fed cowbell (hikes) drove demand for 2yr USTs? Can’t be…I’m sure all this a complete coincidence? But wait … so we’ve gotta consider it a leap of faith in saying that with mortgage rates go UP as much and as quickly as they are , it matters?
while we slept; can TLT reverse higher from 'historic' oversold level? have bond yields PEAKED? (see H&S); yesterday's data WILL matter to The Fed
while we slept; can TLT reverse higher from…
while we slept; can TLT reverse higher from 'historic' oversold level? have bond yields PEAKED? (see H&S); yesterday's data WILL matter to The Fed
Good morning … New home sales COLLAPSE in April (ZH) and 2y auction was solid, stopping THRU despite ‘plunge in yields’ (ZH). The fear of too much Fed cowbell (hikes) drove demand for 2yr USTs? Can’t be…I’m sure all this a complete coincidence? But wait … so we’ve gotta consider it a leap of faith in saying that with mortgage rates go UP as much and as quickly as they are , it matters?