“ô Dieu! sois apaisé envers moi qui suis pécheur
I’ll admit it.
Despite the bearish view we have had on bond prices for the last several weeks … I was tempted.
A couple of days ago on the December 30’s, around 154’14 or so, I felt the ‘urge’ to buy long-duration. An entry would have been published here for the Sharpe Income project announcing a purchase of TLT; and then begin to scale in on the various portfolio’s that I manage. But I resisted. I know that trading is this endeavour that tempts you to do exactly the wrong thing at precisely the worst moment possible. And so I resisted …
Sure enough, the trend resumed this morning and bonds continue to be beaten like a rented mule.