We Have A Tantrum: 30 Year Treasury Auction Is Catastrophic
https://www.zerohedge.com/markets/we-have-tantrum-30-year-treasury-auction-catastrophic
https://www.zerohedge.com/markets/we-have-tantrum-30-year-treasury-auction-catastrophic
Closed out my ZB position as TLT crossed under 50DMA. I'm a bond bear now. Or more of a bond neutral guy.We might want to trim the position and take some profits. There is quite a bit of mean reversion around these prices.
However, we do have some healthy steepening between 10-20s. If we start rallying on stocks and oil, it could be a runaway train.
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No kidding.Imagine when Brainard becomes FED chair.
The two mandates of the FED will become the environment and social equity.