US 2.71 UK 2.48 France 2.29 Germany 1.71 Japan 0.85 This 100bp
puke in the US bond mkt on taper talk comes while other central
bankers are trying to talk their yields lower.
Correlations come and go, depends on time frame, but foreign
bond markets looking for buyers (most) are going to be swayed by
more attractive US yields...augers for $usd strength to continue,
maybe even accelerate...and for'n stock markets are in no position
to digest higher yields, so they could get messy. Thin vol big
moves like today in light of the macro sloshing around make me
really nervous. Bonds crushed, US data mixed, weak earnings season
expected (-4%) china weak, eur a mess, commods other than oil a
mess, geopolitical worries...talk about the proverbial wall of
worry
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Title: US 10 year yields
Posted by stockus on 5th of Jul 2013 at 04:58 pm
US 2.71 UK 2.48 France 2.29 Germany 1.71 Japan 0.85 This 100bp puke in the US bond mkt on taper talk comes while other central bankers are trying to talk their yields lower.
the 10yr is up and
Posted by himsa on 5th of Jul 2013 at 05:03 pm
the 10yr is up and the market is up and the dollar is up...usually they should be oppositely correlated...
Correlations come and go, depends
Posted by stockus on 5th of Jul 2013 at 05:17 pm
Correlations come and go, depends on time frame, but foreign bond markets looking for buyers (most) are going to be swayed by more attractive US yields...augers for $usd strength to continue, maybe even accelerate...and for'n stock markets are in no position to digest higher yields, so they could get messy. Thin vol big moves like today in light of the macro sloshing around make me really nervous. Bonds crushed, US data mixed, weak earnings season expected (-4%) china weak, eur a mess, commods other than oil a mess, geopolitical worries...talk about the proverbial wall of worry