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A Short’s Desperate Attempt To Put A Bearish Spin On A Manic Squeeze
Via Kevin Muir of “The Macro Tourist” fame
For bond bears like myself, today was an ugly day. Fixed income prices ripped higher, egged on by continued escalations of the North Korea situation with an added dose of poor economic reports for good measure. Some dovish Fed talk was the icing on the cake, and there was no mercy shown for bond shorts.
Although I am licking my wounds, the hedge fund community is relatively well positioned for this move.
The long end of the bond futures curve h
“Pretty pathetic, eh?” I didn’t realize he was Canadian!
no not pathetic.
it is just a trade–you’re on one side or the other.
use an option spread–if that makes you happy. that’s what one trader did–he even made the funny papers.
it is just two sides of the issue that’s all.
i for one like the long options. not much left on lower rates.
if they go negative which i think is highly possible, better to be short equities i think.
keep writing we are listing–well some of us.
lotsofluck
Hitting stops in the Ultra BOND has been like shooting fish in a barrel all year. PMIs are not incontravertable proof of crap. And…the Chinese saying the global economy us salutary might want to scope out USA disposable income, among other more important metrics. They aren’t just talking their book, they are talking an economy that is a proverbial house of cards.