Treasury Budget data was released. The 10 YR auction did not move these pigs. Wasn't that special? el surdo
This too Screaming Higher: The market has been getting an added boost as stocks fall in a combination of post- auction relief, the Fed's "unusual step of releasing minutes of emergency meetings...as it grappled with tumult in financial markets. The July 13 to Dec. 16 period covers creation of several unusual liquidity facilities aimed at restoring frozen credit markets and emergency bailouts.
man I went home to do some errands and turned on my computer looks like I missed a ripper oh well, made money and couldn't take the 4 tick range anymore!
Have we seen the top in 30 year? Has China put a lid on this market with their comments? Are there to many dollars out there for Bonds to make new highs? Except for some major catastophre the bonds are going down for the next 3 years.
This is a wonderful area to BUY the 30-year T-bond. Bonds are a short when the yield hits 1.5%...years from now.