I'm sure he did, and they're listenin', but not hearin'. Game's over; stop buying our bonds and start buying your currencies seems to be the new mantra.
Has anyone noticed any changes in liquidity in the bonds since the fed warning to the primary dealers?
How do you interpreter the fact that after the Virginia state results could be unclear for weeks, the tsy mkt began to drop the overnight gains obtained after the Democratics results at the House?
watching GW in his news conference gives me the sense that he's not in complete command of his limited mental reasoning given that Rummy gets canned post election and GW is looking forward to getting Dem. approval of his immigration proposals.... Iraq/Afghan are basket cases..... lights are on but nobody is home....
The bond market continues to ignore negative news and market activity. We are heading for a major correction.
I think we're good to go to 108 20'05 in the 10s. This bond market is very strong. Has been for past few days.
and to think that today was supposed to be a slow day. Bernanke refused to comment, this morning, on the economy. 20 and a halfs in the 10s will be hard to go through though. I'd sell at 20s for a short term profit
I disagree. Extent of rally of past few days is too much to be a short squeeze. I really believe we are in a very strong bond market here. Question is whether it will get through 20 and a halfs (the 10-year that is). I think it'll get up there but maybe not today...next week You expect rate-lock selling to occur after a major new issue of corporate bonds right? Has there been such a major new issue of bonds I am unaware of? Thanks