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CPI and retail numbers were released this morning at 8:30 AM EST.  Per Bloomberg …. “Treasuries rallied and the dollar weakened after data showing inflation cooled and retail sales contracted last month signaled uneven economic growth as the Federal Reserve is set to deliver its latest rate decision. U.S. stocks fluctuated.  The 10-year Treasury note...

Yeup. Still massively long the Q’s, from … I don’t know … it seems like forever now.  Was that April 20th we first started talking about that process?  Which is quite interesting, because we’re also bullish on the mid, to the long-end of the curve.  Which is leading to a rather interesting market view on our part. However, these are...

Finally. We have been counting the days of low volatility, and the markets are at least beginning to break loose.  At the time of this writing, the Spoos is down by about -1.49%.  Which isn’t much.  We’re not even to the lows of April yet, and a 10% correction is statistically normal about once every 14 months.   Perhaps we can see a VIX print over...

It’s no secret that we have been bearish on bond prices for months now. However, by looking at a few technical ‘highlighters’ we are beginning to wonder if the rout in bonds might be nearing an end?  At the same time, the market has had time to digest all news currently in play in the market.  The Fed rate hike.  A reflation’ possibility...

Posted on Dec 15 2016 - 7:58am by Dan
#2

Yesterday afternoon, Chairperson Janet Yellen unleashed an unholy barrage upon bond markets. No, not by raising the target rate a measly 25 BPS.  Seriously.  It’s 25 BPS.  Who gives a flying rip about 25 BPS? No, instead Fed junkies and market participants poured over the statement and inflation expectations by looking to the ‘dots’ If you are...