The public loved itself some T bonds when it was being sold the global NIRP fear trade, and now the public wouldn’t own a bond if it were the last safe haven on earth. That is because the public is too busy being in the grips of the Towering Trump greed trade. From Sentimentrader…
It’s okay, this gives the commercial hedgers a chance to cover net short positions and achieve a net long stance as the bond price declines.
And as if its ears were burning, the 30 year yield checks in to advise that this is probably not going to end well for the public… as usual.
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