Archive - Sep 1, 2010 - Blog entry
The Great Treasury Bond Crash of 2010
Submitted by madhedgefundtrader on 09/01/2010 23:06 -0500The 3 1/2 point sell off in the futures for the 30 year Treasury bond (TBT), at the end of last week was the sharpest drop in 18 months. All it took to set was for Q2 GDP to come in at 1.6%, and for Ben Bernanke to remain silent about any plans to flood the markets with more liquidity. After yields bottomed in 1956, bonds suffered negative returns for 30 years! Here come the 18% mortgages. One more equity puke out in September could easily give us the real thing. (TBT), (TMV), (TIPS).
Ripe for a Sustainable Bullish Turn?
Submitted by Leo Kolivakis on 09/01/2010 19:30 -0500Is another bout of severe performance anxiety on its way? I think so....
Scientists: Dispersants May Delay Recovery of the Gulf By Years ... Or Decades
Submitted by George Washington on 09/01/2010 19:00 -0500Heck of a job ...
SSTF June Trading Report
Submitted by Bruce Krasting on 09/01/2010 11:26 -0500The TF says all is well. I see it different.
The Great Global Macro Experiment, BoomBust Cycles, and the Refusal to See the Truth: Bubble Economics in the Mainstream Media
Submitted by Reggie Middleton on 09/01/2010 10:19 -0500Those who feel that CRE is a good buy now due to cap rate spreads over treasury yields are ignoring a) that treasuries are most likely in a bubble and b) this thesis if applied last year when spreads were even higher would have lost you a lot of money. Just because something costs less than it did when it was very expensive doesn't mean it is cheap. Being less broke then extremely broke still means that your broke, doesn't it???
