so 2.5 months later, gold up 22%, the Euro (vs. USD) up 9%, 30-year bond prices down roughly 50 basis points.....the big winner indeed is gold.
I should add the treasury move is contrary to what one would expect from chinese dumping, but as others have noted the move to treasuries from other credit instruments has had a huge impact on the market, possibly overriding any central bank selling of treasuries.
I should add the treasury move is contrary to what one would expect from chinese dumping, but as others have noted the move to treasuries from other credit instruments has had a huge impact on the market, possibly overriding any central bank selling of treasuries.
error in original, bond YIELDS are down 50 basis points...