"In conclusion:
"In conclusion: absolutely everyone is now on the same side of the UST trade." Soon we will see an interest rate hike, then EVERYONE will be mandingo'd
View ArticlePDs can have their US
PDs can have their US Trasheries. I'll hold onto my physical AU and AG thank you very much.BTW, thank you Blythe and BIS for keeping the blue light special on PMs going for so long.
View ArticleFunny how the worldwide risk
Funny how the worldwide risk ramps up just in time for the (temporary) end of our QE.It is said nothing in politics happens by chance and I think the same holds true for the arrival of the bailout tit.
View ArticleIs 'trasurys' a typo - or are
Is 'trasurys' a typo - or are we heading towards Trashuries?
View ArticleThis is excellent news.
This is excellent news. Remember the bonds are but a derivative of the currency. Everyone that has gone on the 'lifeboat' will face the sucking sound soon.
View ArticleUm, if global QE is imminent
Um, if global QE is imminent then why are PDs heavily in USTs?I'm going to laugh if the CBs solution to support the markets is to extend Operation Twist by a few months and just keep those FX swap...
View ArticleDon't you hate it when you
Don't you hate it when you have the perfect line, only to watch someone else say it first?
View ArticleWhat comes after the
What comes after the wind-up? And boy, does this look like the mother of all wind-ups.... The PITCH! Setting up for a real crisis/control opportunity: a snapback in US interest rates. Then...
View ArticleI'm thinking the primary
I'm thinking the primary dealers are feeling a little like this duck:http://www.youtube.com/watch?v=t_qwcqXAM-w
View ArticleIf the primary dealers are
If the primary dealers are stocking up then they anticipate a rush to Treasuries very soon. What are they anticipating?
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