Seeking Alpha

Treasury prices cut losses after jobless claims

From other sites
Comments (1)
  • Yorkville Trading
    , contributor
    Comments (175) | Send Message
    I really thought we would get a rally after the Fed minutes yesterday. I think it just shows the propensity of the bond market to move lower now. A disorderly move down is never a good thing (except for the shorts of which I am one), so I would like to see a breather here and for the bond market to regroup. Overnight bond futures were looking very bad so it's good to see some retracement here this morning. I think bond holders should be taking a very good look at the potential damage that lies ahead of them because it is coming. Rates wont make a straight line up, but they will get there. 6% 30yr is where the long end normalizes unless the world economy really picks up, then it goes higher.
    22 Aug 2013, 08:52 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector