I'm updating internals and will have a lot more for you shortly, interestingly today was the fight between the 5 year Treasury yield (and the 2 year more so) and the 30 year as they essentially went separate ways, but both seemed to have some impact on today's intraday trade.
The reason for this divergence is called a Flattening Yield Curve, which just hit levels today that haven't been seen since just before Lehman Brothers failed in 2008.
There's a lot more including our macro trend, USD/JPY down as CITI warns that it's time to fight the crowded trade and fade USD/JPY strength. Whatever the reasons for the movement and their opinion, this has been a recent macro trend, $USD weaker, $JPY stronger. Also a stronger Euro which we got a taste of (as well as a weaker $USD) yesterday as Draghi and the ECB failed to pull QE out of their hat as was widely expected at the December meeting.
This and more coming....
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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