This is complex. Reading about FTDs. Leading up to 2008 recession, members of Congress invested in hedge funds that shorted Treasury bonds. By December, FTDs passed $2 trillion. Currently, FTDs at DTCC in US Government Agency Bonds are at a 52-week high. https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails#qna
Ross, you wrote, "And yet, despite inflation running at over 5%, the 10-year yield cannot manage to clear 2% on the upside. The bond market is firing off stronger warning signals than those in 2007 and early 2008." Could you elaborate here? I'm now keeping an eye on $TYX. Who, specifically, do you mean by "the bond market" ... and why, in the face of inflationary pressures and resource shortages are bond yields not rising? Who is truly in control? (Thanks.)
Wow. That is a world class report. For new subs, that really sets the stage for trading the impending market. I'm really impressed, Ross. Your thesis is strongly supported and your writing is clear and concise. Going to learn a lot following your newsletter! A+.
This is complex. Reading about FTDs. Leading up to 2008 recession, members of Congress invested in hedge funds that shorted Treasury bonds. By December, FTDs passed $2 trillion. Currently, FTDs at DTCC in US Government Agency Bonds are at a 52-week high. https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails#qna
Ross, you wrote, "And yet, despite inflation running at over 5%, the 10-year yield cannot manage to clear 2% on the upside. The bond market is firing off stronger warning signals than those in 2007 and early 2008." Could you elaborate here? I'm now keeping an eye on $TYX. Who, specifically, do you mean by "the bond market" ... and why, in the face of inflationary pressures and resource shortages are bond yields not rising? Who is truly in control? (Thanks.)
Wow. That is a world class report. For new subs, that really sets the stage for trading the impending market. I'm really impressed, Ross. Your thesis is strongly supported and your writing is clear and concise. Going to learn a lot following your newsletter! A+.