Interesting that when equities gapped down this morning, Tsy futures were down as well. With the intraday rally in equities, Tsy futures are down even more. 30 yr yield took out the mid-Dec high and is now in territory not seen since pre-flash crash in late Apr. Looks like Ben is getting his substitution effect.
Interesting that when equities gapped down this morning, Tsy futures were down as well. With the intraday rally in equities, Tsy futures are down even more. 30 yr yield took out the mid-Dec high and is now in territory not seen since pre-flash crash in late Apr. Looks like Ben is getting his substitution effect.
ReplyDelete