If ever there were a time when the phrase “that escalated quickly” was appropriate, this
Category: 10Y
“Get A Grip” One Trader Doesn’t Want You To Freak Out On Friday
“So it is possible. How often do you get Nancy Pelosi, Chuck Schumer, Paul Ryan and John McCain agreeing on something?”
“Hold My Beer While I Meet Xi.” And Everything Else You Need To Know On Thursday
It’s Thursday, which means today’s Donald Trump gets to look the Donald Trump who refused to
Warning: “The Tide Has Turned – It’s A Matter Of ‘When’, Not ‘If’ Markets Break Down”
“It’s now a matter of when, not if, markets break down into a proper bout of risk-aversion. As for timing, we’re debating the hour rather than the week.”
Trader: “You Always Want To Hit A Home Run – But You Strike Out A Lot.”
“The question you need to be constantly asking yourself is whether any given move or news is fundamentally important or at the margin? Does it break new ground or is just a data point? Will there be some policy response or not?”
Goldman Likes Its Fed Minutes “Mildly Hawkish,” Probability Of June Hike Still 60%
“Overall, the mildly hawkish minutes increase our confidence that balance sheet normalization will be announced this year and are also marginally supportive of a June hike.”
Albert Edwards Warns: “Fed Tightening Cycles Almost Always End In Recession”
“Collapsing bank lending growth is signalling that something is amiss and the Fed should stop raising rates, but I expect rapidly rising wage inflation will push the Fed into overkill. Fed tightening cycles almost always end in recession and this time will be no exception.”
Watch Those Minutes. ADP Ahoy! Le Pen Loses Her Sh*t. And More On A Fun Wednesday
“Let’s not forget where we’re coming from,†he shouted, struggling to be heard over his rival. “You have been repeating the same lies for 40 years — those your father used to tell.â€
Trader: Trump And Xi Are All That Matter Now
“That environment leads to an adamantly divided market. On one side are those who cite growth and liquidity as a reason to always buy the dip. On the other, those who fear calamity, citing the idea that low volatility has induced excess leverage to chase returns and a misallocation of capital.”
This Is “Highly Uncertain”: Deutsche Bank Weighs In On Tantrum Risk
Earlier today, we brought you the latest from Bloomberg’s Richard Breslow, who warned that the
Currency Craziness, Car Carnage, Le Pen Jitters: Welcome To Tuesday, Dammit
Hitting the ground running on Tuesday it was an interesting overnight session. For one thing,
Don’t Look Now But There’s “Trouble With The Curve”
“One of the notable aspects of today’s Treasury-market price action — 10-year yields dipped as low as 2.33% — has been the flattening of the 2s/10s curve, which is now threatening its post-election lows.”
Chart Check: Q1’s Outperformers & Underperformers
Q1 – in aesthetically pleasing hues of blue.
10Y Yield Falls To Lowest Since February
Escalating quickly over here…
Rise Of The “Know-Nothings”: A Modern Market Mind Bender
So here’s an interesting observation that may or may not approximate reality but is nevertheless
Boom! It’s Monday. Here’s What Happened While You Were Asleep
Well, it’s Monday. Welcome to Q2. Things were relatively subdued in the overnight session, as
Trader: “Those Pain Trades Are Giving You Headaches”
“The price action from New York Fed President Dudley’s no “great urgency†to hike comments was almost laughable.”
One Bank Warns: “The Market Is Vulnerable To A Risk-Off Trade”
“We believe that despite considerable local stability, the market is vulnerable to a risk off trade. We see an asymmetric risk between rally and sell off.”
Bye, Bye Black Swan? Massive Treasury Short Trimmed Aggressively For 3rd Week
Last week, we noted that in the wake of the Fed’s “dovish” hike – which,
Here’s Why You Should Have Stayed In Bed: Inflation Hooray, Bill Dudley Edition
On Friday morning we got some data you probably don’t care about. Or maybe you
It’s The End Of The Quarter, Do You Know Where Your Money Is?
“While the Bloomberg Dollar index edged up to the highest level in more than a week on Friday as supporting month-end flows outweighed profit-taking interest after yesterday’s rally, this is still on track to be the worst quarter in a year for the index. By contrast, gold is heading for its best quarter in a year.”
One Trader Would Really Appreciate It If You’d Stop Telling Him The Sky Is Falling
“First of all, other than having the dubious honor of calling the coming catastrophe, why this insistence on hoping to find it behind every sell order? There will be plenty to write about when it happens.”
Reflation Frustration: Bloomberg Explains The Market’s Most Important Dynamic
We’ve talked so much in these pages about why cross-asset correlations matter that our (digital) pens are dry and our (virtual) voices are hoarse. On Thursday, Bloomberg proves they know this is “kind of a big deal.”
One Trader Asks: “Jeez Louise, Is It Only Thursday?”
Having spent Monday contemplating how and why traders have lost their confidence, Tuesday explaining that
One Word, And One Word Only: “Duration”
When central banks pull the punchbowl away, you’re going to have some problems if you’re caught with your hand in the duration cookie jar.
Volatility Collapses (Again) As Investors Cling To Goldilocks Outlook On Brexit Wednesday
It’s quiet out there. Well, except for that whole UK officially leaving the EU thing.
“Keep Your Composure!” Dollar Finds Its Footing, Markets Dodge Trump-Induced “Freak Out”
“We’ve come too far, there’s too much to lose!”
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