Yesterday the market shit its pants because a group of eggheads ruminated about inflation and interest rates. Nothing had changed except that the market found an excuse to set loose…
He's the one in the middle, looking like he's bracing for something... The 10yr yield has officially hit 2.9% today (the 30yr still has a bit of headroom to 3.3%).…
All according to plan, I might add. Well, the "sending markets tumbling" part is its own animal. But as far as inflation fears and Treasury bond yields go, we're on…
Over and over again I've been making goofy headlines about the Amigos, the 3 macro riders who will reach (or abort) their respective destinations, at which point the macro is…
Below is a somewhat scattershot update written completely off the cuff by a market participant who went out at 9:15 and got back in at 11:15 (ET). Please take it…
According to the wiseguys speculating in Fed futures Janet Yellen's last meeting is going to be a docile affair as she gently rides off into the sunset (and presumably, the…
Not to be lost in the excitement of the USD bounce, Amigo #2 and his 2 heads are jumping today. 10yr yield looks for all the world to be headed…
As symbolized by the 3 Amigos, the macro backdrop is riding on to its destiny. That forward destiny is a top in stocks vs. gold (Amigo 1), a rise in…
When the Pigs fly tends to be when interest rate dynamics say they fly. Rising long-term interest rates, as long as they don't materially hurt the economy, are beneficial to…
Amigo #2 made a big pop today and as such continues to rise with #s 1 (Stocks vs. Gold) and 3 (the 10-2 yield curve). Amigo #2 is actually a…
While 10 and 30 year yields are down a bit this morning, the move this week is a step in the direction of the favored view, which has been for…
Last summer I could do no wrong. Everything was working and making sense. Then about the time that the 10yr yield began the post-September jigsaw consolidation I turned into a…
Out of the three, stocks vs. gold, nominal long-term yields and the yield curve, it has been the nominal yields Amigo that has been the most questionable; what with there…
Some messages from bonds this week, and mercifully no mention of the Amigos even though 2 of them are implied below. :-) 2s and 10s are accelerating the uptrend and…