5.31%? Bring it!
That seems to be what is happening today despite what seemed like a genuine sense of "uh-oh" yesterday and in today's European session.
So I guess 5.31% was a head fake as I see the ten year at 5.21% now. I would not be too quick to think that this episode is over. The almost vertical slope of the ten year cried out for some sort of move like today, a move that could last a little longer.
My hunch is that a couple of months from now the curve will be flat but we could be in for a wild ride in between here and there.
3 comments:
Apparently Dr. Dunk has the power of greyskull!
It's funny that the Indiana Pacers outlasted the ABA and AMC. The AMC Pacer montage at this link is very well done.
So much for Re-pricification.
Roger, do you ever get the short term moves right?
Every time I read about you having a defensive plan, I think it must be time to buy......how's that for a contrarian indicator?
so lemme see if I have this straight; I opine that it doesn't make sense to panic out while the market is puking down one day and you somehow add 2+2, get 22 and take it as making a short term call?
seriously?
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