The massive “smart money” bond short has been completely unwound. In late June, we wrote a post suggesting why perhaps the long-term, and long-doubted, bull…
Tagged $BND
“Rising” Rates Hit New Lows
Despite ubiquitous calls and expectations for rising interest rates, yields on the long bond closed the week at a 52-week low. It was probably over…
Is Flattening Yield Curve Signaling Recession?
The yield curve just dropped to 8-year lows; but it isn’t necessarily flagging a recession, yet. With the carnage in the equity and commodity markets,…