Yo, They’re Selling The Shit Out Of Some Government Bonds

Yo, They’re Selling The Shit Out Of Some Government Bonds

Yeah, so the cacophony of hawkish commentary from central bankers has triggered a global selloff in government bonds. As noted earlier, bund yields are higher by goddamn 20bps since Monday - and that's a lot considering the starting point (25bps). Treasuries are being sold (that's three straight days), gilt yields are higher (Carney comments), etc. etc. You'll note that USTs came under quite a bit of pressure about an hour ago, as 10Y and 30Y futs slid below Wednesday’s lows as volumes su
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5 thoughts on “Yo, They’re Selling The Shit Out Of Some Government Bonds

  1. Heisenberg – How does normalization play out? I’m in the coming deflation and lower long-term rates camp, but the fed’s normalization does appear to be a tidal wave in the opposite direction (at least with regards to rates). Where are long-term rates headed, in your view?

      1. Thanks. In agreement. A friend of mine who has researched fed and QE mechanics is long Treasury futures in anticipation, and I’m waiting for 3-3.5% 30yr before initiating my own position. Would love to post his explanation here but I don’t think he would want to be attributed.

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