We Have A Tantrum: 30 Year Treasury Auction Is Catastrophic https://www.zerohedge.com/markets/we-have-tantrum-30-year-treasury-auction-catastrophic
Break is over. No SPR Release. Oil is going to move. Bond markets back online after Veterans day. The selling resumes tomorrow.
We might want to trim the position and take some profits. There is quite a bit of mean reversion around these prices. However, we do have some healthy steepening between 10-20s. If we start rallying on stocks and oil, it could be a runaway train.
Closed out my ZB position as TLT crossed under 50DMA. I'm a bond bear now. Or more of a bond neutral guy.
for the past few months, ZB T bond has been hovering around 142 and 167. So it will continue to hover around that region until the chart says otherwise.
Imagine when Brainard becomes FED chair. The two mandates of the FED will become the environment and social equity.