Note to self... when making a pass through the F-Pit, try to reach out and grab the G-Penny as you pass.
Mr. Paulson's comments are making it wors for the bonds. Maybe a loss of 3-4 cents.
Note to self... when making a pass through the F-Pit, try to reach out and grab the G-Penny as you pass.
After Friday's data, short-term caution in Bond Funds. We just could have hit, or we are close to a major bottom in long term interest rates.
Take Care!
I hate the F fund...
should never go there...
always use G...
maybe next time I'll remember!
Official Retirement Date: 06-31-2014!
It wasn't just Fridays data. 132k is an ok number not great. It might even get revised down next month. Bond yields were up modestly after data. When the yields are this low, it doesn't take much to cause a sell off. Combine that with Mr. Paulson's comments to Marie about how good a shape the economy is and you have yourself a sell off in bonds.
IMHO, we are not yet at the bottom for long term yields. More bad ECON data will come out. The Feds will have to cut rates. If we get another manufacturing data below 50, there will be no question about it.
Ugly Bearish-Engulfing candle forming today.......(so far).
Gonna bail on that alone.
terp....you looking at AGG?
$TNX short term (today) looks higher, longer term (3 days) still trending lower.
FuturesTrader,
$TNX is the yield. Bonds are lower. Are you confusing the two, or am I just butting into a converstion again?
yep, you're buttin in..but it's your house, your entitled my bad for being vague on that...$tnx is yield, inverse to 10 yr bond price/F fund performance.
I think AGG is better indicator longer term..2/3 days, vs TLT which does seem to be a better intraday indicator..not enough volume on AGG, does about .5 M daily, TLT about 1 M. TLT is 20+ year duration bonds. SHY is 1-3 yrs, AGG is 'AGG'regate
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