Trade Alert: Treasuries
Mr. Market says it's time to buy the long bond
One of the most powerful bullish signals Mr. Market will give you is good price action on bad news.
That’s precisely the signal we got this morning, when the latest CPI reading came out at a blistering 5.4% annualized rate - the highest since 2008. And yet, long dated Treasury yields dropped in the wake of the news - suggesting the path of least resista…