As I have mentioned before Treasury Bubble is next to explode. TYX yesterday finally crossed back above 4% Yield. It is some kind of joke, who is buying it at below 4% for 30 year? As it was mentioned even on bubble Vision CNBC you can get higher Yield at 90 days paper backed by Treasury now. Once the tide changes it will be like gasoline on the fire for sliding US Dollar.
If you really knew anything about the market, you would know that the long end of the market has the highest volatility. The price action you see in the market, reflects traders capitalizing (making money/losing money) on the daily gyrations in interest rates. Nobody is buying it below 4% ya putz. They're trading it.
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