Loading ...Re Bonds
I think they have let them run a bit, in order to pretend that the economy is strong. I bet they will soon be crowing that “see bond rates are riseing along with a super strong SM…..all is well. Which could be a very silly move.
The Long term TA is super bullish for rates, so they could have a real problem here, as the Bond mkt ain’t no PM mkt….its a beast, especially when rates are riseing …letting rates run a bit may well get out of control.