Someone either knows something or is simply not willing to take the chance that tomorrow's LTRO disappoints.
These are new multi day lows and HY was bid up yesterday, apparently profits were taken early today and it has been downhill since then.
Is interest rates about to start going up?
-
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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