30 Year yield climbed .82% today to 4.66%.  It's extended but appears to be in breakout mode after clearing the 4.5% level.

    Lots of voices pinning the rally tail on the 30 year bond auction donkey earlier today. Not sure that makes a ton of sense given how it closed.

    Why Janet switched from 80/20 long to short duration borrowing to the complete opposite is looking more and more crazy by the day.  Borrowing trillions at the higher rate short end while the long end rises out of a crazy stupid low level it never made sense to be at in the first place. Good plan? 

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