BLOOMBERG: YIELDS HAVEN’T PEAKED – MAYBE 3.1%? — SOURCE: 02-26-18 Bloomberg Intelligence – “Curve to Flatten More; Yields Haven’t Peaked?” — We continue to believe curves will be flatter by year-end, which suggests that Treasury yields haven’t yet peaked. Among the reasons are An under-pricing of 2019 Fed interest-rate hikes, Uncertainty about the effectiveness of fiscal […]
BLOOMBERG: YIELDS HAVEN’T PEAKED – MAYBE 3.1%? — SOURCE: 02-26-18 Bloomberg Intelligence – “Curve to Flatten More; Yields Haven’t Peaked?” — We continue to believe curves will be flatter by year-end, which suggests that Treasury yields haven’t yet peaked. Among the reasons are An under-pricing of 2019 Fed interest-rate hikes, Uncertainty about the effectiveness of fiscal […]
COSTLY US$ HEDGES TARNISH US BONDS FOR OVERSEAS INVESTORS –SOURCE: 02-28-18 Reuters – ” Costly dollar hedges tarnish U.S. bonds for overseas investors”– LONDON (Reuters) – Yields on U.S. government debt are at their highest in over four years, and yet they are failing to attract many European investors due to the uncertain outlook for the […]
COSTLY US$ HEDGES TARNISH US BONDS FOR OVERSEAS INVESTORS –SOURCE: 02-28-18 Reuters – ” Costly dollar hedges tarnish U.S. bonds for overseas investors”– LONDON (Reuters) – Yields on U.S. government debt are at their highest in over four years, and yet they are failing to attract many European investors due to the uncertain outlook for the […]
Looking very similar to JNK, HYG has also been in a consolidation after a lift from the lows in 2016. Here too we can mark the highs and lows of the recent movements and use them for technical trigger considerations. Once these are moved through, there is a potential to see a significant move, up […]
Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
Weekly (left) Chart: shows JNK bouncing from the lows in 2016; retracing 50% of the drop from 2014 highs; and moving back in to range between two significant blue s/r zones. Solid orange highlights the s/r zones, indicating potential trigger considerations when broken. Dashed orange arrows highlight the potnetial move to the next significant technical. […]
BoAML RAISES 10Y UST FORECAST TO 3.25% – MATASII ON RECORD AT 3.30% HERE IS MATASII’S CALL PRIOR TO BoAML’S CALL (BOTTOM) — SOURCE: 02-23-18 BoAML via ZH – “BofA Revises 10Y Forecast To 3.25%, Expects A “Bumpy Transition” Higher” — Exactly one week after Goldman became the first major bank to raise its 10Y […]
BoAML RAISES 10Y UST FORECAST TO 3.25% – MATASII ON RECORD AT 3.30% HERE IS MATASII’S CALL PRIOR TO BoAML’S CALL (BOTTOM) — SOURCE: 02-23-18 BoAML via ZH – “BofA Revises 10Y Forecast To 3.25%, Expects A “Bumpy Transition” Higher” — Exactly one week after Goldman became the first major bank to raise its 10Y […]
“CUP & HANDLE” WARNING OF BOND SELLING & A 3.5% 10Y UST — SOURCE: Sven Henrich via NorthmanTrader.com The 10 year has broken out of its cup and handle pattern: The pattern incidentally targets 3.5% and that is way above Gundlach’s panic moment for stocks.
