Anxiety seems to be the word of the day in bond markets. While reports of North Korea moving its ICBMs managed to send 10Y Treasury yields 1bps lower, a Trump Tweet on building strategic forces in Japan and South Korea has sparked a solid bid in bonds, pushing 10Y back a 2.10% handle...
Traders - or algos - are increasingly knee-jerking on these headlines...
Next test looks like Payrolls spike lows. at 2.10%, as it's clear just how jittery markets have become.
Yesterday morning, with the US closed for holiday but with S&P futures trading modestly lower on the latest set of North Korean geopolitical fears, we asked "is this time different", referencing last week's similar setup, when futures gapped lower on Monday after the Kim regime shot a missile over Japan, only to surge into the end of the week.
Submitted by Bill Blain of Mint Partners
Blain's Morning Porridge: Is there actually any point investing in bond markets, and what are "alternatives"?
“They got a name for winners in the world, I want a name when I lose. They call Alabama the “Crimson Tide”. Call me Deacon Blues.”
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
Texans affected by Hurricane Harvey, including my family and me, appreciate the outpouring of support from across the country. President Donald Trump has even pledged to donate one million dollars to relief efforts. These private donations will be much more valuable than the as much as 100 billion dollars the federal government is expected to spend on relief and recovery.
The ICO market just received an endorsement from the reality television star who tried to copyright the phrase "that's hot."
Hotel-empire heiress Paris Hilton revealed on twitter that she’s joined the ICO party just as the Chinese government has announced harsh new restrictions that will make it virtually impossible for its citizens, some of the most voracious buyers of these coins, to participate in new offerings.
Hilton said this weekend that she’s “looking forward” to participating in an offering called Lydiancoin.