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What Just Happened To US Treasurys?
What happened to the US long-end on Monday?
That was the question -- or one question, anyway -- flo
Are there other examples where we’ve seen these kinds of moves in combination? Seems very strange for the stock market to have essentially ended flat while the long end yields rose dramatically.
I’m also surprised to see futures rising (for now anyway) when China doesn’t sound like they are backing down which I suppose shouldn’t be surprising. Hard for me to see how this is resolved without greater damage to markets and the financial system, but I’m no expert and have no idea what might cause the dam to break.
At what point will the rating agencies jump on the bandwagon and take a dump on the US. I may have to buy another TV soon. Even my mild mannered wife is screaming at it.
I would like to start a conspiracy theory, if I may. That this is an orchestrated effort by Russia to destroy the USA. Spread the word.
Surprised nothing on the unwind of the basis trade which seems it has at least a little to do with it given the crash in swap spreads.
NM, didn’t realize this was from the 7th, see you’ve been addressing it elsewhere. Keep up the good work.