Congratulations plebs, we are finally oversold. Markets have been twisted into pieces and the yield curve is completely fucked. The US 10YR is +17BPS to 3.68%. This is a crisis styled move and I’m here for the blood.
However, and this is really non negotiable, I will not be selling short over the next week.
I’m 100% cash, +36bps, waiting for an entry on the long side.If you enjoy the content at iBankCoin, please follow us on Twitter
We need $TLT to bounce to get a relief rally. Looks like maybe $101-103 area. Hopefully middle of next week.
We will likely get bounces up and down but we are headed for the mid 80’s
Those who have mortgages below 4% can now get treasuries above 4%… As one famous economist once said … that is pretty, pretty good. We old folk can now buy them solar panels.