If Helicopter Ben starts pontificating and we have lackluster 5YR demand today we could sell off! I am looking to get involved lower. el surdo
in fact it was addressed to you. I was surprised that you agree with Lance's ~114 but at the same time suggest that in the short term it may go to 111-01. I am trading very long time frames (by your definition) and I would never enter according to a long term target if I feel that short term is against me... hope you made some money today....
I doubled down on my shorts yesterday @111.24 I'm hoping for deflationary news. Yes, you read that right. The only way to get bonds lower is to change sentiment to bullish by painting a picture of inflation being in check. Then those new longs can add fuel to the fire when they're forced to puke lower. Bull markets climb a wall of worry while bear cycles are fueled by misperceptions of price concessions equating value.
The only worry I have now is what is my Bank going to think when I deposit the profit checks from these trades, lol