Bond rally nearing an end?

ZN 60 min

 

I'm not exactly sure the technical definition, but safe to say it estimates how much movement the market expects of notes within the next few months.

 

Well if it's an orderly decline it's okay.

Then, if I were China, I'd put my $12 billion trade surplus from the US in treasuries, and make a bid for ExxonMobil next

 

thanks landboy
does it have a symbol?

 

I get it from the bloomberg terminal, type in

MOVE (index) go

If you don't have a subscription this won't make much sense... sorry to say i dunno if other charting services offer it...

 

Are we having fun yet?

 

Markets still have a lot of information to sort out. The immediate reaction is
30 Yr +0'01
10 Yr +0'08
 5 Yr +0'085

...reflecting Bernanke's and the Beige Book's comments about housing and economic growth slowing down but with a sizable inflation-risk premium.

 

Hi Steve,

Long term rates will still be heading higher: bull market
Short term rates may ease back a bit, but will rise again, the FED is not done yet, overall.
Stocks are acting like it's a refreshing pause in the rising interest rate scenario. A pause.

 

Tony:

What is your current Price target on the Jun 30 YR?

Surdo

 

They are happy that the Fed is acknowledging that housing and growth are slowing.