Lucky Number 7

Lucky Number 7

A quick look at the schedule for this week suggests it'll be a noisy affair, even if the narrative is unlikely to change. Arguably, the marquee event is Thursday's seven-year sale. The first quarter of 2021 will be remembered for a lot of things, some of them wholly dubious. While February's disastrous seven-year auction hardly ranks with the Capitol riots when it comes to regrettable moments in US history, it did punctuate a memorable session for rates. February 25 was the day when the global
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One thought on “Lucky Number 7

  1. 10 yr is below break even in both the low and moderate inflation case…. to me the big driver here is supply/demand. If you’re going to lose money holding to maturity the only way to win is to sell to a bigger fool. The fed has typically been that buyer but has signaled it is not going to buy most of what’s coming down the pipe. Who’s left to be the bigger fool?

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