Unreal market, from 1693 at 4 p.m. up to 1706 last night, down to 1696 earlier this morning and back up to 1702 and almost all of it is JPY cross chasing, meanwhile however the short term T-Bill market is getting utterly destroyed out to about the end of November.
It's actually getting hard to reconcile the market's view vs. the Bond market's view, I know which I would trust more and at this point, that market doesn't think a deal is getting done.
Well since we seem to be chasing JPY weakness, we know what to watch.
5 years ago
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