Bonds Behaving Short

Quote from Lance Carson:

Probably right, the rumors in the Bond Pit are already lowering the bar below the consensus Payrolls data, so that they can sell on any number above the artificial low expectations ( very clever manipulation)- and with the refunding approaching, the dealers will start to enter steepeners after the Payroll Report in order to underwrite next week's supply-your scenario will play out, imho

For the 10Y auction they are listening you! :p :D
 
http://finance.yahoo.com/q/bc?s=^TNX&t=my&l=off&z=l&q=l&c=

I'm waiting for a sharp countertrend rally to get short, the above link is the long term chart, it pretty much shows the compression and technical upside breakout.

Over the years the 10 year has a habit of retracing on a countertrend sharply shaking off positions. It might be months before we see 4.5% or lower, but if the stock market stays depressed, it will hit consumer confidence. And everything will snowball, the higher the rates move up a braking effect on the economy is placed.

So eventually you will see a sharp countertrend rally, as evidence of it multiple times over the years in the past.

I can wait months to get short, but as soon as the world shows signs that the equity market deflation starts effecting it. I will get long.
 
typical twerp analysis from the CNBC crowd that has never seen a 1973 to 1982 bond bear.......

30 to 50 tick weekly down drafts for months

seems impossible???? yea right........
 
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