The entire length of the bond curve is getting whacked this morning. Thank GOD I didn’t remove my hedge. And yes, I thought about it.
Every bit of the monstrous move on Tuesday in the 10’s is getting erased, and then some. The 30’s are nearly to the point of erasing the gains, as the entire curve readjusts.
Monster move up on Tuesday?
And now the entire curve gets the axe … and I think the only stock I see catching a bid at this point is Medtronic (MDT).
Who said December was supposed to be an ‘easy’ month?