10yr gapped down on open, rebounded to close the gap barely higher than Friday's close. Then "feel out of bed" down, down, down. All overnight. Meanwhile much of Asia closed in the red and Europe trending that way. Risk off!
As more go into bonds rates/yields go down, not up. Safety and locking in a rate is what the move is about ... as expectations are for lower rates/yields in the future.
Because of "flight to safety" into bonds simply brought about by the possible bank contagion.
"I’m not as concerned about the return on my money as I am the return of my money."
- Will Rogers
A freakin' lot easier to do all that directly in a trading platform that involving Excel -especially when talking about live on the fly data and analysis thereof.
Can be spinned every which but they facked up plain as day.
“The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate,” Bill Ackman said.