while WE slept: USTs lower (gPMIs good) on light volumes; "Treasury Refunding Preview: Taking a Breather"; this day in '79
thebondbeat.substack.com
Good morning … well, today marks the beginning of front-end supply (2s, 5s and 7s) … 2yy DAILY: uptrend (noted) in tact BUT … momentum (stochastics, bottom panel) remain overSOLD … awaiting a catalyst 2yy WEEKLY: 2024 trend remains in place and nearly back to the magical “5.00%” which (too?)many deem a buying opportunity and here, too, momentum is now stretched into overSOLD territory
while WE slept: USTs lower (gPMIs good) on light volumes; "Treasury Refunding Preview: Taking a Breather"; this day in '79
while WE slept: USTs lower (gPMIs good) on…
while WE slept: USTs lower (gPMIs good) on light volumes; "Treasury Refunding Preview: Taking a Breather"; this day in '79
Good morning … well, today marks the beginning of front-end supply (2s, 5s and 7s) … 2yy DAILY: uptrend (noted) in tact BUT … momentum (stochastics, bottom panel) remain overSOLD … awaiting a catalyst 2yy WEEKLY: 2024 trend remains in place and nearly back to the magical “5.00%” which (too?)many deem a buying opportunity and here, too, momentum is now stretched into overSOLD territory