U.S. 2 Year Crosses 1%


“Yesterday, the U.S. 10 year hit our long held 1.40% target. A sea of bond bears has become an ocean of bulls. On January 1st, Wall St’s mean forecast for the U.S. 10 year was north of 2.85% (1.36% today). Brexit’s risk to the global economy has created an opportunity for those willing to step in and short bonds in the face of a large group of clowns rushing to the exits (abandoning their long held bearish bond positions).”
Bear Traps Report, July 6, 2016


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You can’t make this up.  Coming into 2016, Wall St. was calling for 4 rate hikes and a 2.85% ten year bond by year end.  After oil’s plunge to $26, China’s currency devaluation and June’s Brexit. the Street lowered their outlook for the U.S. 10 year to 1.40%, yields touched 1.32% in June.  Today, U.S. 10 year bonds yield 2.25%, hat’s off to the gang that can’t shoot straight.

Routs in global bonds and emerging markets intensified, while the dollar climbed with European stocks and base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash.

Italy’s 50 Year Bond, Just a 15% Plunge in a Month


The yield on 30-year Treasuries rose above 3 percent for the first time since January, with last week’s record debt selloff bleeding into Monday trading and weighing on credit markets. The Bloomberg Dollar Spot Index advanced to the highest since February as the U.S. currency strengthened versus almost all its major counterparts. While European shares rose to a two-week high and U.S. equity index futures gained, stocks in developing nations sank to a four-month low. Copper headed for the highest close in 16-months and gold fell. – Bloomberg

U.S. 2 Year Bond Yield Soars Past 1%



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