I'm still baffled by the move in treasuries, here's why...
The accumulation period was very short and on a 5 min chart which is not that influential for this type of move. The accumulation period looks like it was from the open to around 11 a.m., then the move up started. This to me , has all the hallmarks of some information that Wall Street is privy to and we are not; otherwise, why is the accumulation period so abrupt, especially for the size of the move? Why did it show no signs of accumulation before this morning? Why such a hurry? If there's something bullish about treasuries and it's important, usually they'd accumulate a larger position. This almost seems as if they were buying in the wide open as prices rose. Volume was impressive compared to recent volume and that could also be a sign of Wall Street doing something t almost never does, buy/accumulate into higher prices.
VERY strange action.
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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