Posted by DigiNomad on 2nd of May 2024 at 12:36 pm
TLT - starting to work. Everything else from
yesterday going according to plan. Treasury told us they were
going to embark on a massive buyback plan and the Fed said they are
massively cutting asset sales. DXY weakened. FXY
strengthened. Bonds caught a bid. Sometimes it really is that
obvious. Will it last? I'm sure Janet and JPOW have
fingers crossed because everything that happened yesterday was
specifically designed to rescue JPY (and other Asian
currencies).
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TLT - starting to work.
Posted by DigiNomad on 2nd of May 2024 at 12:36 pm
TLT - starting to work. Everything else from yesterday going according to plan. Treasury told us they were going to embark on a massive buyback plan and the Fed said they are massively cutting asset sales. DXY weakened. FXY strengthened. Bonds caught a bid. Sometimes it really is that obvious. Will it last? I'm sure Janet and JPOW have fingers crossed because everything that happened yesterday was specifically designed to rescue JPY (and other Asian currencies).