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Treasury yields fall some more from mid-week levels that were the highest since late October....

Treasury yields fall some more from mid-week levels that were the highest since late October. Just a bit of the bid seems to have come out of equities and the positive economic surprises have dried up for the moment. The long bond -4.5 bps to 3.32%. The 10-year down 4 bps to 2.24% (2.38% on Wednesday). TLT +0.7%.
Comments (5)
  • AlbyVA
    , contributor
    Comments (567) | Send Message
     
    Hmmm, suckers buying the 30yr just as the economy recovers. Oh well, somebody has to suffer when US Treasuries tank.
    23 Mar 2012, 02:38 PM Reply Like
  • Garfield23
    , contributor
    Comments (162) | Send Message
     
    we see the 10 year yield going back to 2.0% and the 30 going back to 3.0%
    23 Mar 2012, 06:07 PM Reply Like
  • AlbyVA
    , contributor
    Comments (567) | Send Message
     
    You must need new glasses Garfield. 2% on the 10yr with a 2.9% CPI and 2.2% Ex-Food/Energy as of Feb 2012. If the CPI keeps heating up (as it is trending) bonds will get crushed. And that is just the inflation aspect. With the economy heating up, equities will continue to provide temptation away from bonds.

     

    Least we forget, everyday that ticks by, is another day closer to when the Fed will start hiking rates. Holding onto bonds is like holding a time bomb in which you know it "will" explode. So you can either position yourself now and wait. Or try running with the herd and being crushed.
    24 Mar 2012, 08:17 AM Reply Like
  • Garfield23
    , contributor
    Comments (162) | Send Message
     
    Ha, ha, - Alby, we know your just talking your positiOn, yet the sky is not falling in bonds, and yes our data analytics support our position.

     

    Least we not forget china and euro are slowing and your blue sky scenario does not hold water.
    25 Mar 2012, 01:45 PM Reply Like
  • AlbyVA
    , contributor
    Comments (567) | Send Message
     
    China and Europe are lagging US indicators. After all, if America suffers, who's going to buy the widgets the Chinese factories are pumping out and the BMWs from Germany? The leading indicators are an improving US economy. As such, China and Europe will come around as we lead the global recovery.
    26 Mar 2012, 08:29 AM Reply Like
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