It's Thursday. Have you sold your bonds today?
Well, someone certainly is -- the long bond futures are getting pummeled by another 23/32 today. We've broken the uptrend that dates back to last summer, and the 200-day moving average, as you can see in the chart above. Ten-year yields have broken out to the upside, and were recently at 4.08%.
posted by Mike Larson at
10:17 AM
1 Comments:
Mike, so people are selling long bonds and re-investing their capital... where? Commodities? (Doesn't seem likely - commodity prices are not rising - oh wait - oil rebounding on inventories report.) Domestic stocks? International stocks?
I admit to being completely clueless about bond market fluctuations and their potential consequences on equity and commodity prices. Can you shed some light?
Great blog - thanks for all your efforts.
W T F
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Anonymous, at May 29, 2008 at 10:34 AM
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