Here’s Who Will Buy All That Treasury Supply (Now If Only We Knew The Price)
10Y yields are back near their lowest levels since last month's CPI beat, having given back Tuesday's Jerome Powell-inspired spike that derailed equities.
They'll be no shortage of narrative fodder on Thursday with Powell's second act (this time in testimony to the Senate) and PCE on the docket, but panning out, the question still lingers: how high will yields go? And of course the follow-up that no one can answer: what is the magic number on 10s beyond which equities can no longer pretend no
Heisy, what the fuck is going on with VIX these days? And SVXY and UVXY? Look at this shit, VIX up 5%, UVXY up 1%, and SVXY up 0.1%? Fucked up bro.
they changed the rules homie. https://dealbreaker.com/2018/02/proshares-to-castrate-legless-survivor-of-short-vol-blowup/
Yeah I know bro, but this movement is nowhere near in-line with those revised rules! I guess they are starting to move in the right direction, though (VIX now up 1.4, SVXY down 0.7%, and UVXY up 3.7%). Very curious that there is a noticeable lag (at least today) in these ETP’s “catching up” to where they should be moving relative to the VIX.
On a related note, my SVXY put buying strategy got totally fucked by these new rules, those bastards, just keeps these legless zombies dragging themselves around a little longer before someone comes by and puts them out of their misery, Walking Dead style.
tracking on these was never great
Heisy, I swear to god, if VIX manipulation claims are true, we are watching it happen right now today….