Yesterday, a single trader appears to have sold 78,000 contracts of benchmark June Treasury 10-year futures on Tuesday morning, London time — equivalent to a $5 million bet on each basis point change in the 10-year yield.
This the biggest single Treasury trade since 2013! So far it's up about $35 million.
The only stock holding I own which is doing great is T, which tends to be defensive and not reliant on economic growth.(Plus it reported great earnings a couple weeks ago.)
The good news on the markets is that we're not seeing a widening of credit spreads, which means that thus far there's no serious concern about defaults due to economic weakness.
Not a relevant duration.
Ah, one of our daily ‘news reports’ pushed by the low-rent media against the Trumpster. Give it the (dis)regard that it deserves.
Remember Buffett and others have been selling. They must know something. Or they think they do.
I can tell you that foreign sovereign funds are swamping the US market. Thats far more money than even our market can handle. Its also throwing land values up. Especially real estate.
Not surprised as the New MAGA Order is causing massive displacement of money flows.
Once the dust settles, and investors realize that the Trump and MAGA approach is “the way things ought to be” (!), the equity markets will rally, and strongly.
IMHO. My two kroons.