US Treasury futures are lower for the third day running amid fresh signs of economic expansion, putting the yield of the benchmark 10-yr Notes on the cusp of rising above 3% for the first time in 2 years. According to ADP today the US added 176,000 jobs in August. A key gauge of the US […]
Energy: Crude oil will close under its 18 day MA but on its highs we failed at the 8 day MA. I remain bearish but did have some clients lighten up as not to be short large size over the weekend. I still think a trade under $100/barrel is in the near future. On higher […]
When the boat is leaning one way I generally prefer to be on the other side. Do I think the 33 year bull market is over in Treasuries…the simple answer is yes but in the short run I think the debt complex has gotten ahead of itself and we get a rebound from current levels. […]
We all know the Fed has short-term rates pinned to the floor. So I’m not saying we’ll see rates surge higher anytime soon. And I don’t expect the FOMC will raise rates at its meeting next week. But even a minor adjustment higher in rates should make prices retreat enough for a trade. I think […]
